State´s Credit Rating Could Slip Again

Two Wall Street credit agencies warn that California´s already battered credit rating could be downgraded because of the budget deadlock.

Standard and Poor´s along with Moody´s Investors Services both say they have California under review because of delays in adopting a state budget.

California already suffers with the nation´s lowest credit rating. If the state´s credit does take another hit it would mean that taxpayers would pay more to borrow money.