Market 'too complacent' about California voter power, report says

Marois, Michael B.
March 1999
Bond Buyer;03/24/99, Vol. 327 Issue 30605, p3
Trade Publication
Reports on Sanford C. Bernstein & Co.'s study claiming that the municipal market and rating agencies were too complacent in evaluating the threat of California's voter initiatives on the state's credit quality. Credit ceiling created by the voters' effect on the state's finances; Impact of voter initiatives on debt servicing.


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