Standard & Poor's Upgrades B.C. Debt as City Sells $241M

Newman, Emily
November 2004
Bond Buyer;11/18/2004, Vol. 350 Issue 32013, p1
Trade Publication
Reports that Standard & Poor's Corp. has upgraded the District of Columbia's general obligation bond rating to A from A-minus as the city sold general obligation debt. Comments by analysts Kenneth Gear and Karl Jacob; District's track record of seven consecutive years of operating surpluses and strict financial policies; Comments by the district's chief financial officer Natwar M. Gandhi; Proposal by Mayor Anthony Williams to finance a baseball stadium.


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