Moody's Takes California Off Watch, Affirms Baa1 for GOs.

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  • Additional Information
    • Subject Terms:
      CALIFORNIA
    • Subject Terms:
      MOODY'S Investors Service Inc.
    • Abstract:
      The article reports on the move of Moody's Investors Service Ltd. to remove California from a negative outlook following the revisions of the state's latest budget in 2009. It notes that the agency gave Baa1 rating on the state's general obligation bonds. It states that lawmakers created significant budget adjustments to address the state's declining tax revenue.