Moody's: More California Municipal Bankruptcies Coming
Bob MorrisPublished: 17 Aug, 2012
1 min read
Moody's says more California municipal bankruptcies are coming, as well as bond defaults.
across-the-board ratings adjustment for Californi
Indeed it would. If California's bond ratings are lowered, then the cost of borrowing money will increase for California cities and probably also for counties, school districts, and the state itself.
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