tag:blogger.com,1999:blog-13164186.post114251164004710756..comments2024-01-27T19:26:32.604-05:00Comments on Bubble Meter: Fed President Lockhart on the housing marketDavidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-13164186.post-70562948681567141502009-03-07T09:45:00.000-05:002009-03-07T09:45:00.000-05:00This is for the guy a few weeks ago who clearly kn...This is for the guy a few weeks ago who clearly knew nothing about municipal finance and told me "DC had access to cheap credit during the bubble it would never have again". I disagreed saying DCs never had cheap credit, but its fiscal stewardship may make it eligible for the first time to cheaper credit via a AAA rating: <BR/><BR/><BR/>"March 3, 2009<BR/>WASHINGTON (AP) - The District of Columbia's chief financial officer says the city has received its first AAA bond rating.<BR/><BR/>The rating by Standard & Poor's on Monday makes the city eligible for lower interest rates for upcoming capital projects.<BR/><BR/>Chief Financial Officer Natwar Gandhi says the rating will save the city $4 million in interest payments in 2010 and the savings could grow to $28 million in the next four years."<BR/><BR/>http://www.wtop.com/?nid=25&sid=1614959<BR/><BR/><BR/>The highest possible rating was assigned to the series 2009A income-tax secured bonds and series 2009B income-tax secured refunding bonds.<BR/><BR/>The D.C. Council is expected to approve a resolution Tuesday to sell bonds to pay for dozens of capital improvement projects worth $652 million.Anonymousnoreply@blogger.com