California News

California’s Government Credit Score Gets Upgraded By Wall Street Firm

The Sun-


A second Wall Street rating agency says California’s government is more creditworthy than previous thought.

Moody’s Investors Service on Monday, Oct. 14 upgraded California’s broad “general obligation bond” rating to Aa2 from Aa3 with a stable outlook. It’s the first California upgrade by Moody’s in five years.

This move puts the state back at Moody’s third-highest grade for the first time in 18 years. But note that only seven states have lower credit scores and this grade is below the Aa1 median grade for all states.

Read More

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: