S&P Gives California Governor Jerry Brown An 'A'

Business Insider

Standard and Poor's upgraded California's credit ratings to "A" from "A-" thanks to its improving fiscal and revenue outlook. The agency cites Gov. Brown's budget accomplishments as a key reason for its upgrade: The upgrades reflect our view of California's improved fiscal condition and cash position, and the state's projections of a structurally balanced budget through at least the next several years.

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