Friday, September 10, 2010

State’s short-term debt ratings suffer (San Francisco Chronicle)

July 7, 2009 by  
Filed under Debt Consolidation, Debt Settlement

California’s cash crisis is causing investors to back away from its short-term debt, which is increasing the state’s borrowing costs at a time it can ill afford it. In the most striking example, the tax-free yield on California’s commercial paper – which is… Sponsored Topics: Money market – Commercial paper – California – Financial Services – Business

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