Fitch Lifts California GO Debt to A-Plus

Saskal, Rich
June 2006
Bond Buyer;6/12/2006, Vol. 356 Issue 32400, p1
Trade Publication
The article reports that California's general obligation debt has been upgraded by Fitch Ratings to A-plus from A on June 9, 2006. Fitch also changed the outlook of the state from positive to stable. The rating upgrade affects the state's outstanding debt worth $38.5 billion and comes ahead of the planned competitive sale of general obligation bonds worth $1 billion on June 14, 2006.


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