Standard&Poor's Ratings Services has assigned its 'AAA' rating to the District of Columbia's income tax revenue bonds, series 2010E (adjusted Securities Industry and Financial Management Association; SIFMA rate). The bonds are secured by a statutory lien and pledge on the trust estate, consisting primarily of income tax revenues and business franchise taxes (income taxes) generated in the district and received by the collection agent, trustee, or district in any fiscal year. Standard&Poor's also affirmed its 'AAA' rating on the district's income tax bonds outstanding. The 'AAA' rating reflects our assessment of: Strong coverage of debt service by pledged revenues and the expectation of maintenance of strong coverage; Good historical growth in pledged revenues with significant volatility
