November 22, 2004
Fitch: Stadium hurting D.C.'s bond rating
Citing better fiscal management, Standard & Poor's has raised Washington, D.C.'s bond rating from A-minus to A. Fitch Ratings, however, is holding its rating steady at A-minus, citing "high debt levels" likely to be exacerbated by "plans for debt financing a new baseball stadium and economic development in the Anacostia area." Of course, Fitch has already proven itself to be a bunch of stadium naysayers.
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