WASHINGTON - District of Columbia chief financial officer Natwar Gandhi is urging the District Council to enact legislation that would put strict limits on the city's debt ratios to maintain good standing with Wall Street amid the current economic downturn.

The CFO yesterday sent a letter to Mayor Adrian M. Fenty and the council reaffirming a recommendation he made in June 2007 that the city's debt-to-expenditures ratio be held to 10% and capped at 12%.

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