Quantcast
help information
Clear
81.3 ° F
Full Weather

State May Face Lower Bond Rating

Sacramento, CA — California is in danger of a lower bond rating because of its budget woes.

Moody´s Investors Service is warning it might downgrade California´s general bond rating because its finances have deteriorated. The state is facing a $42 billion budget deficit through mid 2010 and could run out of cash next month.

A low credit rating could cost the state more to borrow money.


  • Classifieds
  • Dining Guide
  • Health
  • Events
  • Site Map
  • Real Estate