WASHINGTON -- The District of Columbia may have to borrow from the short-term market sooner than planned, but the financial community sees no cause for alarm yet.

The timing of the district's next borrowing "is no big deal at all," said David Herships, an analyst who follows the district credit for Kemper Securities Inc. Kemper, based in Chicago, is a major institutional purchaser of district bonds. The district had planned to borrow a total of $250 million next year in February and May, but "they may have to move up their cash-flow borrowing," Herships said in an interview Friday.

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