CUSIP 25484JAS9


  • ISIN: US25484JAS96
  • Entity Name: District of Columbia
  • Sector: Municipal Agency
  • Announcement Date: 23-Jul-2014
  • Effective Date: 26-May-2016
  • Issue Date: *****
  • Maturity Date: 01-Apr-2041
  • Country of Issuer: United States
  • Region: N.Amer
  • Issue Currency: United States of America Dollars
  • CA Type: Alternate Letter of Credit
  • News: Pursuant to Section 1.4 of the Continuing Disclosure Agreement (the CDA) between Georgetown University and U. S. Bank, National Association (as successor trustee to Deutsche Bank National Trust Company), dated as of April 11, 2007, for the benefit of the holders, from time to time, of the Series 2007C-2 Bonds, please be advised that, on May 24, 2016, as a result of the implementation by Standard and Poors of a new methodology and assumptions for rating jointly supported financial obligations, Standard and Poors downgraded its long-term rating of the Series 2007C-2 Bonds from AAA to AA+. On May 26, 2016, the Letter of Credit supporting the Series 2007C-2 Bonds was replaced with a Letter of Credit issued by Sumitomo Mitsui Banking Corporation, acting through its New York Branch, and a mandatory tender of the Series 2007C-2 Bonds took place. Upon such substitution, Standard and Poors downgraded its long-term rating of the Series 2007C-2 Bonds from AA+ to AA, and Moodys Investors Service downgraded its long-term rating of the Series 2007C-2 Bonds from Aa1 to Aa2. For Bond Document please visit www.BondPDF.com
  • Description: Municipal Name: District of Columbia CUSIP: 25484JAS9 Currency: USD District of Columbia announced today that the existing letter of credit will be replaced by an alternate letter of credit issued by Sumitomo Mitsui Banking Corporation, acting through its New York Branch for Series 2007C-2 Bonds on May 26, 2016.
  • Bond Document: https://www.bondpdf.com/
  • Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US25484JAS96

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