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Standard & Poor’s boosts D.C. bond rating

By Alan Blinder
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Standard & Poor’s boosts D.C. bond rating

Standard & Poor’s has bumped the District’s rating on its general obligation bonds up by one notch.

Citing the city’s “improved financial position which has been strengthened by its strong revenue performance,” the New York-based agency said that it had upgraded its rating for D.C. to AA-, up from A+.

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