|
|
S&P Lowers Bond Rating For California
California's electricity crisis prompted Standard & Poor's to downgrade its rating on California's general obligation bonds from Double A to Single A Plus.
The state continues to be on credit-watch status. Two other rating agencies, Moody's Investor Services and Fitch, also have had the state on credit-watch status.
The downgrade might have been more severe but Standard & Poor but for the continuing prospect that billions of dollars in new electric-rate bonds will be sold, among other reasons.
Source: Wall Street Journal, April 25, 2001
|
About Us
|
News
|
Alerts
|
Articles
|
Caveat Emptor
|
SNSFE News
|
Research
|
Calendar
|
Contact
Register
|
Free Opinion
Sponsored by James J. Eccleston, an attorney representing stockbrokers, financial planners and
investors nationwide in arbitration, litigation and regulatory matters, and a shareholder with the law firm
Shaheen, Novoselsky, Staat, Filipowski & Eccleston
P.C.(www.snsfe-law.com). This Web site contains material
of general interest. It is neither intended to, nor constitutes, either legal advice or investment advice.
Always consult an attorney and/or investment advisor when building and protecting your wealth.
All content Copyright © 2005-2007 FinancialCounsel.com, Inc. except where noted. All rights reserved.
20 North Wacker Drive, Suite 2900, Chicago, Illinois 60606
Telephone: 312-621-4400 | Fax: 312-621-0268
|
|
|
|
