Al for the Golden State

Saskal, Rich
May 2006
Bond Buyer;5/23/2006, Vol. 356 Issue 32387, p1
Trade Publication
The article reports on the second rating upgrade of Moody's Investors Service Inc. on California's general obligation bond. Moody's raised the state's general obligation bond rating to A1 from A2 and revised the outlook to stable from positive. The upgrade is the result of the state's revision of its revenue projections by 7.5 billion dollars for the fiscal years 2006 and 2007.


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