CALIFORNIA: ERBs Get Three Affirmations

Saskal, Rich
February 2008
Bond Buyer;2/1/2008, Vol. 363 Issue 32807, p9
Trade Publication
The article reports that the economic recovery bonds of California was affirmed by three ratings agencies. The Standard & Poor's Corp. has declared it as AA-plus, Moody's Investors Services Inc. rated it as Aa3, while Fitch Ratings Ltd. considered it as AA-minus. It has been noted that all three agencies has assigned a stable outlook, which can affect about $7.2 billion of the outstanding bonds.


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