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Summary: District Of Columbia's Series 1997 Bonds Rating Raised To 'AAA/A-1'; Off Watch Positive; Joint Criteria Mar 10 Product Image

Summary: District Of Columbia's Series 1997 Bonds Rating Raised To 'AAA/A-1'; Off Watch Positive; Joint Criteria Mar 10

  • Published: March 2010
  • Standard & Poors

FEATURED COMPANIES

  • Assn of American Med Coll
  • District of Columbia
  • MORE

Abstract
Standard & Poor's Ratings Services raised its rating on District of Columbia's revenue bonds (Association of American Medical Colleges Issue) series 1997B to 'AAA/A-1' from 'AA/A-1', and removed the rating from CreditWatch with positive implications, based on the application of Standard & Poor's joint criteria (assuming low correlation) with a letter of credit (LOC) from Bank of America N.A. (A+/A-1) and Association of American Medical Colleges (AA/Stable). Previously, obligors had the option of requesting a Standard & Poor's underlying rating (SPUR) when a bond rating was based on a LOC; however, SPURs are only applied when the bonds are eligible for joint support criteria, and, in such cases, joint support ratings will now be applied (see, "S&P Addresses Application Of...

Companies mentioned in this report are:
- Assn of American Med Coll
- District of Columbia

Action: Removed From CreditWatch
Action: Upgraded

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- Assn of American Med Coll
- District of Columbia

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