StateÂ´s Credit Rating Could Slip Again
Two Wall Street credit agencies warn that CaliforniaÂ´s already battered credit rating could be downgraded because of the budget deadlock.
Standard and PoorÂ´s along with MoodyÂ´s Investors Services both say they have California under review because of delays in adopting a state budget.
California already suffers with the nationÂ´s lowest credit rating. If the stateÂ´s credit does take another hit it would mean that taxpayers would pay more to borrow money.