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Keyword: anotherhit

CA: State takes another debt rating hit

08/05/2003 9:50:10 AM PDT · by NormsRevenge · 18 replies · 154+ views
SFGate.com ^ | 8/5/03 | Christian Berthelsen, SF Chronicle

<p>Sacramento -- A second major Wall Street rating agency downgraded California's credit on Monday, but not as severely as the hit the state took two weeks ago.</p> <p>Moody's dropped its rating on California's general obligation debt a single notch, from A2 to A3, keeping the rating in the uppermost tier. Standard & Poors downgraded California three notches on July 24, dropping it into the "B" category.</p>

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