Cal State Bonds Taken Off Credit Watch List
From Bloomberg News
The California State University system, the largest state-run university network in the U.S., had its credit rating removed from possible downgrade by Moody’s Investors Service.
About $1.8 billion of Cal State revenue bonds were removed from the watch list because the system has adequate financial reserves to cushion it from budget cuts sought by Gov. Arnold Schwarzenegger, Moody’s said.
