|
|
|
|
S&P Lowers Bond Rating For California
California's electricity crisis prompted Standard & Poor's to downgrade its rating on California's general obligation bonds from Double A to Single A Plus.
The state continues to be on credit-watch status. Two other rating agencies, Moody's Investor Services and Fitch, also have had the state on credit-watch status.
The downgrade might have been more severe but Standard & Poor but for the continuing prospect that billions of dollars in new electric-rate bonds will be sold, among other reasons.
Source: Wall Street Journal, April 25, 2001
|
Sponsored by James J. Eccleston. This Web site contains material of general interest. It is neither intended to, nor constitutes, either legal advice or investment advice.
Always consult an attorney and/or investment adviser when building and protecting your wealth.
All content Copyright © 2010 Advocate Compliance Partners, Inc. except where noted. All rights reserved.
One North Franklin Street, Suite 2620, Chicago, IL 60606
Telephone 312-332-0000 | Fax 312-332-0003
|
|
|
|
|
