WASHINGTON -- Moody's Investors Service yesterday confirmed the District of Columbia's general obligation bond rating of Baa, but said the district's strained financial position will weaken further in fiscal 1995 unless more steps are taken to balance operations.

Moody's issued the credit report in anticipation of the district's competitive sale this Thursday of $231 million of general obligation bonds.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.