Fitch Upgrades DC GOs

Vadum, Matthew
June 2003
Bond Buyer;6/23/2003, Vol. 344 Issue 31662, p1
Trade Publication
The article reports that with just weeks remaining before a $ 340 million general obligation bond sale, Fitch Ratings Inc. has upgraded Washington D.C.'s general obligation rating by one grade to A-minus from BBB-plus on Friday, citing the capital city's gradually improving fiscal situation. The upgrade came two weeks after the city's chief financial officer, Natwar M. Gandhi, told a congressional panel that he was optimistic that the general obligation bond rating would be increased to the A level mark by the time the city enters the market with the bond sale that is expected in late July.


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