Washington DC’s Rating Outlook Lowered to Negative by Moody’s Days After US Cut
- Moody’s cites ‘unique exposure’ to federal government
- Smithsonian’s outlook also cut to negative by Moody’s
This article is for subscribers only.
The District of Columbia had its outlook revised to negative from stable by Moody’s Investors Service, just days after the credit-rating company did the same to the US.
“The revision of DC’s outlook to negative reflects the District’s unique exposure as the nation’s capital to the federal government through economic, financial, capital market and governance linkages,” Moody’s said in a report. It affirmed Washington’s Aaa issuer rating, while also cutting its outlook on the Smithsonian Institution in DC and the Washington Convention & Sports Authority to negative.