It means that "up" is the positive direction. Therefore "down" is the negative direction, and since the number given has a - sign, it indicates a downward acceleration.
If they had written it as "9.8 m/s^2 [D]" it would have meant the same thing.
I've never seen this particular notation either, but it's been more than forty years since I was in high school. The textbooks I've used and taught from at college level would say something like
$$\vec a = -9.8 \hat y \text{ m/s^2}$$
where ##\hat y## is a unit vector that points upwards. Some books use ##\hat x##, ##\hat y## and ##\hat z## for the unit vectors, others use ##\hat i##, ##\hat j## and ##\hat k##. Or they use boldface instead of the caret ("hat").