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Standard & Poor's boosts D.C. bond rating

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Standard & Poor's has bumped the District's rating on its general obligation bonds up by one notch. Citing the city's "improved financial position which has been strengthened by its strong revenue performance," the New York-based agency said that it had upgraded its rating for D.C. to AA-, up from A+. D.C. Mayor Vincent Gray hailed the news. "This decision by Standard &...