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California Bond Market Upgraded by Standard & Poor

February 1, 2013

This week Standard & Poor’s upgraded California’s general obligation bond rating from A- to A, changing the state’s status from “stable” to “positive.”  The higher rating will lower the state’s borrowing cost when it sells bonds this spring.

 

In a statement released Thursday, State Treasurer Bill Lockyer credited Gov. Jerry Brown, the Legislature, and voters for coming together to make tough decisions and sacrifices for the good of the state.



 
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