S&P: Rating on California's GO Debt Raised to A on Improved Fiscal and Cash Position

Standard & Poor's Ratings Services raised to 'A' from 'A-' the long-term ratings and underlying ratings (SPURs) on California's $73.1 billion in general obligation (GO) bonds and $1.9 billion in Proposition 1A bonds. We simultaneously raised to 'A-' from 'BBB+' our long-term ratings and SPURs on ... (Publication: The Bond Buyer)