Home Credit Ratings and Research S&P Global Ratings’ Credit Research District of Columbia

Summary: District of Columbia; Note

Published Oct 22, 2013

1478 words — Published Oct 22, 2013

Price US$ 225.00 | Buy this Report Now

About This Report

Abstract:

Standard&Poor's Ratings Services assigned its 'SP-1+' rating to District of Columbia's fiscal 2014 general obligation (GO) tax revenue anticipation notes (TRANs). The rating reflects our view of the district's: Good underlying general credit characteristics; Strong projected debt service coverage (DSC) of 4.2x at maturity; Strong record of accurately forecasting available revenue for TRANs repayment; and Strong historical and projected liquidity. The notes are a GO of the district; its full-faith-and-credit pledge secures the notes. Officials intend to use note proceeds to fund seasonal cash needs during fiscal 2014; the notes will mature on Sept. 30, 2014. The escrow agreement includes three set-aside dates that all occur in September 2014. The district agrees to set aside 20% of TRAN

Brief Excerpt:

RESEARCH Summary: District of Columbia; Note Publication date: 22-Oct-2013 Primary Credit Analyst: Le T Quach, New York (1) 212-438-5544; le.quach@standardandpoors.com Secondary Contact: Hilary A Sutton, New York (1) 212-438-7093;...

Report Type:

Summary

Issuer

District of Columbia

Sector

Global Issuers, Public Finance

Country

United States

Region

United States

Format:

HTML

Summary: District of Columbia; Miscellaneous Tax – 2013/11/13 – US$ 225.00

Summary: Deutsche Bank Securities Inc. Receipts Series DBE 1006; Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds – 2013/11/15 – US$ 225.00

Summary: District of Columbia; Appropriations; General Obligation – 2013/11/20 – US$ 225.00

S&P Reinstates 'AA- (sf)/A-1+ (sf)' Rating On Wachovia MERLOTS' Series 2006 B34 Bonds – 2013/12/06 – US$ 150.00

Summary: District of Columbia MedStar Health Inc.; Joint Criteria – 2014/02/21 – US$ 225.00

District of Columbia Institutional Framework Score Revised To Strong From Very Strong – 2013/10/09 – US$ 150.00

Summary: District of Columbia; Appropriations; General Obligation – 2013/10/09 – US$ 225.00

Summary: Deutsche Bank Securities Inc. Receipts Series DBE-1006; Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds – 2013/09/27 – US$ 225.00

Summary: Deutsche Bank Securities Inc. Receipts Series DBE-1187; Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds – 2013/07/25 – US$ 225.00

Summary: Barclays Capital Inc. Series 2013-15U; Residual Certificates; Tender Option Certificates/Bonds – 2013/07/18 – US$ 225.00

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author

Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Summary: District of Columbia; Note" Oct 22, 2013. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-District-of-Columbia-Note-1205345>

APA:	S&P Global Ratings’ Credit Research. (). Summary: District of Columbia; Note Oct 22, 2013. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-District-of-Columbia-Note-1205345>

US$ 225.00

$ £ €

Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

Example Report

Click to View Sample Report

More Research

Search all our Credit Research from one place.