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

To: Kailash who wrote (9227)3/2/2004 9:00:14 PM
From: Kailash  Respond to of 110194
 
BOJ, The governator needs you!

"The proceeds of the bond would be used to make a $14bn debt repayment that falls due in June.

Lenders wary

Missing the repayment would force California to roll over its debts, prompting lenders to raise their interest rates, and putting the state under further financial pressure.

Rating agencies have warned that the California's credit rating would fall to junk status if it misses the repayment deadline."

news.bbc.co.uk


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