TITLE

Debt-Heavy Plans Don't Cloud D.C.'s Upbeat Forecast

PUB. DATE
January 2005
SOURCE
Bond Buyer;1/6/2005, Vol. 351 Issue 32044, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that debt-heavy plans do not cloud Washington (D.C.)'s upbeat forecast. Standard & Poor Corp.'s expects the district will maintain sound financial operations despite its limited revenue-raising capabilities. The district has demonstrated an ability to manage expenditures. Citing the district's strengthening local economy, property tax base, and healthy cash reserves. Standard & Poor's in November 2004 upgraded the city's general obligation bond raring to A from A minus. The upgrade came six months after Moody's raised the city's rating two notches to A2 from Baa 1.
ACCESSION #
15635308

 

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