Credit Rating Agency Warns Of More California City Bankruptcies, Bond DefaultsOne of the nation’s top credit rating agencies will begin a wide-ranging review of municipal finances in California because of what it sees is a growing threat of increased city bankruptcies and bond defaults.
San Jose’s Credit Rating DropsIt will now be more expensive for the city of San Jose to borrow money now that the city has seen its AAA credit rating downgraded twice by the major ratings agencies.

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