re: #281 FurryOldGuyJeans

OT:

Not good, not good, not good……

Monday, July 06, 2009
Fitch Cuts Calif. Long-term Bond Rating To ‘BBB’
Sue Chang
MarketWatch Pulse

I don’t know why this is bad. It makes it harder/more expensive for CA to borrow money and forces them to behave more responsibly if they want their rating to improve.