Fitch assigns AA/F1+ to D.C. 2008B bonds

Fitch Ratings said it assigned an AA/F1+ rating to the District of Columbia's $125.775 million multimodal general obligation refunding bonds, series 2008B.

The rating is based on the support provided by a direct-pay letter of credit issued by Bank of America, NA, securing the bonds.

Bond proceeds will be used to refund the District of Columbia's outstanding $125.775 million multimodal general obligation bonds, series 2002A (auction-rate securities).

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