Davis answers raters

Marois, Michael B.; Monsarrat, Sean
January 1999
Bond Buyer;01/12/99, Vol. 327 Issue 30556, p1
Trade Publication
Reports on the inclusion of a credit rating improvement strategy in the 1999 mid-year budget proposed by California Governor Gray Davis. Amount of proposed budget, reserves and capital financing; Inclusion of a correction mechanism in case of revenue decline; Plan to sell general obligation bonds; Revenue estimation; Credit ratings for the state; Plans for bond obligations.


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