Posted inPolitics

California’s Bond Rating Upgraded on Improved Fiscal Management

Wall Street’s Fitch Ratings has upgraded the credit rating on California’s general obligation bonds because of tax increases, revenue growth and improved fiscal management. State Treasurer Fiona Ma announced the ratings boost from AA- to AA on Friday, after Fitch rated $2.3 billion in new bonds. Fitch, one of Wall Street’s three major ratings agencies, said […]