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Moody’s

California State Capitol in Sacramento (Justin Sullivan/Getty Images)

Moody’s Says California Pension Reform A Positive Step

Moody’s is calling California’s pension reform plan a positive development for the state and local governments.

09/10/2012

California State Capitol in Sacramento (Justin Sullivan/Getty Images)

Credit Rating Agency Warns Of More California City Bankruptcies, Bond Defaults

One 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.

08/17/2012

San Jose City Hall

San Jose’s Credit Rating Drops

It 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.

03/28/2012

(CBS/AP)

Investors Wary Of California Bonds

The cash-strapped state’s grand plan to sell $10 billion of bonds in order to pay some of its bills has come up against a glut of municipal debt on the market.

CONNECT WITH KCBS–11/18/2010

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