Statement on Washington, DC’s General Obligation Bonds

(WASHINGTON, DC) – On Friday, S&P Global Ratings revised its outlook on Washington, DC’s general obligation (GO) bonds to positive from stable and affirmed its 'AA' rating on the bonds. In response to the new rating, Mayor Bowser released the following statement:
 
“This revised outlook once again reaffirms the strength and stability of our finances in Washington, DC. For the first time ever, under my Administration, the District has had no yellow book findings, which means there are no material weaknesses in our procurement, hiring, payment or any other critical system of our government. Going forward, we will continue to be a strong steward of the city’s resources. As we double down on our commitment to inclusive prosperity, we continue to show the nation that it is possible to maintain one of the strongest local economies in the country, while also building an inclusive and diverse city that looks out for the needs of all residents.”