As Sale Nears, Moody's Affirms California's A3

Sarkal, Rich
February 2005
Bond Buyer;2/7/2005, Vol. 351 Issue 32065, p7
Trade Publication
The reports that Moody's Investors Service Inc. has affirmed the first general obligation bond sale of 2005 by California, an A3 rating and a positive outlook. While the state continues to struggle with a structurally imbalanced budget, it also retains US$4 billion in unused deficit bond capacity.


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