DC Skirts Rating Downgrade as US Capital Battles Trump Cuts

Washington, DC, avoided a credit-rating downgrade after Fitch Ratings removed its negative watch on the district’s debt.

The shift “reflects progress” toward $1.1 billion in spending cuts mandated by the federal government’s continuing resolution in March, analysts led by Michael Rinaldi wrote in a Thursday report. Fitch rates DC as AA+, one step below AAA.