Tags: Moodys | California | debt | employment

Moody's Upgrades California's General Obligation Debt

Wednesday, 25 Jun 2014 02:33 PM

Moody's Investors Service upgraded its rating on California's general obligation debt to "Aa3" from "A1," citing its improving financial position and employment growth.

"The Aa3 rating also reflects the state's volatile tax revenue structure and governance restrictions," Moody's said.

Moody's outlook on the state is stable.

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Moody's Investors Service upgraded its rating on California's general obligation debt to Aa3 from A1, citing its improving financial position and employment growth.
Moodys, California, debt, employment
46
2014-33-25
Wednesday, 25 Jun 2014 02:33 PM
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