Reuters logo
S&P sees improving credit quality for California cities
January 29, 2013 / 7:43 PM / 5 years ago

S&P sees improving credit quality for California cities

SAN FRANCISCO, Jan 29 (Reuters) - Many of the roughly 200 California cities rated by Standard & Poor’s Ratings Services and whose revenues are picking up are poised to see their credit quality improve this year, the rating agency said in a report on Tuesday.

“Many of California’s cities may experience an economic recovery in 2013 as revenues continue to strengthen,” the report said. “While the credit quality of a minority of issuers could decline, many of the state’s 202 rated cities that see revenue improvement will likely see credit quality improvement in 2013.”

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below