California gets its first upgrade from S&P since 2006, the agency hiking the rating on...
Thursday, January 31, 3:39 PM ETCalifornia gets its first upgrade from S&P since 2006, the agency hiking the rating on the state's general-obligation bonds to A from A-. "The economic expansion is gaining positive momentum," and the approval of higher sales and income tax rates "positions the state to capitalize on burgeoning economic activity." S&P should ask Phil Mickelson about that one.
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