WASHINGTON -- The District of Columbia plans to sell today a $260 million general obligation bond issue a relatively straightforward deal compared with the city's recent forays into the bond market.

The competitive deal will carry insurance from Municipal Bond Investors Assurance Corp., ensuring a triple-A rating. The district has an uninsured rating of A-minus from Fitch Investors Service and Standard & Poor's Corp., and a Baa from Moody's Investors Service.

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