- Moody's an Schwarzenegger: mohr öhktschen bliees - CA erneut runtergestuft - kingsolomon, 09.12.2003, 19:57
Moody's an Schwarzenegger: mohr öhktschen bliees - CA erneut runtergestuft
-->California Bond Rating Cut by Moody's Over Budget Stalemate
Dec. 9 (Bloomberg) -- California, which already has the lowest credit assessment among U.S. states, had its rating cut one level by Moody's Investors Service because of the state's lack of progress in agreeing on a deficit reduction plan.
Moody's downgraded California's general obligation bonds to Baa1, the third lowest of 10 investment grades, from A3. The state's operating budget backs about $30 billion in general obligation bonds.

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