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.
Progressive blogger at Politics in the Zeros since 2003. Former Green Party of Los Angeles County Council co-coordinator (2002-2004). Organized antiwar protests 2004-2007. Focuses on issues that transcend party lines. Silicon Valley.
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