Summary: District of Columbia; Tax Increment

S&P Global Ratings raised its rating on District of Columbia's (D.C. or the District) series 2002 (Mandarin Oriental Hotel) tax increment revenue bonds to 'AA' from 'AA-', its rating on D.C.'s series 2011 (City Market at O Street Project) tax increment revenue bonds to 'AA' from 'A+', its rating on the series 2012 (Gallery Place Project) tax increment revenue refunding bonds to 'AA' from 'A+', and its rating on the series 2015 (Southwest Waterfront Wharf Project) tax increment revenue bonds to 'AA' from 'A+'. The outlook is stable for all ratings. At the same time, S&P Global Ratings assigned its 'AA' rating, and stable outlook, to the District's series 2019 tax increment revenue bonds (Bryant Street Project). The upgrade on

...S&P Global Ratings raised its rating on District of Columbia's (D.C. or the District) series 2002 (Mandarin Oriental Hotel) tax increment revenue bonds to '##' from '##-', its rating on D.C.'s series 2011 (City Market at O Street Project) tax increment revenue bonds to '##' from 'A+', its rating on the series 2012 (Gallery Place Project) tax increment revenue refunding bonds to '##' from 'A+', and its rating on the series 2015 (Southwest Waterfront Wharf Project) tax increment revenue bonds to '##' from 'A+'. The outlook is stable for all ratings. At the same time, S&P Global Ratings assigned its '##' rating, and stable outlook, to the District's series 2019 tax increment revenue bonds (Bryant Street Project). The upgrade on D.C.'s tax increment debt outstanding reflects ongoing strong development within the downtown tax increment financing (TIF) area that ultimately secures all series, including the series 2002 bonds, on a senior-lien basis, as well as the series 2011, 2012, 2015, and...

Summary