DC Forum Luncheon
October 5, 2016, 12:00 - 1:30 p.m.
Our Speaker:
Natwar Gandhi
Former Chief Financial Officer, District
of Columbia
A first-hand account of:
·
How the District was transformed from a deficit-plagued, junk
bond rated jurisdiction with $550 million negative fund balance into a
financially healthy municipality with a string of balanced budgets and a fund
balance of $1.5 billion at the end of 2013, and
·
How the District secured multiple rating upgrades (a total of 13
rating steps since FY2000) from the major rating agencies for its general
obligation bonds, which are currently rated A+ by Standard and Poor’s, AA- by
Fitch Ratings and Aa2 by Moody’s Investors Service.
Our Speaker: Natwar M. Gandhi, PhD, retired as the Chief Financial Officer
(CFO) for the District of Columbia at the end of 2013 after serving in that
position since 2000. After presenting
evidence of the District's renewed fiscal strength to the financial community, Gandhi
was able to secure bond rating upgrades for the city from the three major
rating agencies, including a return to an 'A -' rating from Standard and Poor's
and Fitch Ratings - the first 'A' level rating for the District since 1995. Gandhi holds a doctorate in accounting from
Louisiana State University, a master's degree in business administration from
Atlanta University, and an LLB and BCom in accounting from the University of
Bombay.
Location: Carnegie
Endowment for International Peace
1779 Massachusetts Ave., NW
Washington, DC 20036
Time: 12:00-1:30pm
Sponsored By:
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