Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (3031)	12/9/2003 12:33:30 PM
From: russwinter	Read Replies (1) \| Respond to of 110194

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. Last Updated: December 9, 2003 12:16 EST