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April 17, 2024 |
California credit rating improves to 'double A' A major credit agency has upgraded the state’s credit rating to ‘double A’. Fitch Ratings writes that California has improved its ability to weather an economic downturn. “The state eliminated the overhang of budgetary borrowing that had accumulated through two recessions and continues to set-aside funds in the budget stabilization account,” the agency wrote. (INT)
Story Date: August 22, 2019
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