NEW YORK (S&P Global Ratings) July 18, 2018--S&P Global Ratings raised its long-term rating components for various tender-option bond trust issues related to various underlying bonds. "This rating action follows our action on the underlying bonds," said S&P Global Ratings credit analyst Joseph McKeever. S&P Global Ratings raised its ratings on the underlying bonds on June 3, 2018. (Please see the media release, titled "District of Columbia General Obligation Debt Upgraded To 'AA+' From 'AA' On Sustained Economic Growth; Outlook Stable," published June 3, 2018, on RatingsDirect.) The long-term component of the rating on the floaters and the rating on the residuals reflect the rating on their respective underlying securities, as well as our expectation of the likelihood of bondholders
