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Summary: District of Columbia; Miscellaneous Tax Mar 10 Product Image

Summary: District of Columbia; Miscellaneous Tax Mar 10

  • ID: 1930037
  • March 2010
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services has assigned its 'AAA' rating to the District of Columbia's income tax revenue bonds, series 2010C (SIFMA Index Notes). 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 associated with the individual revenue streams,...

Companies mentioned in this report are:
- District of Columbia

Action: New Rating

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