Seal of the Governor and photo of Gavin Newsom courtesy of the Office of the Governor of the State of California.

Fitch Ratings describes Governor Newsom’s budget as “structurally balanced” and “maintaining budgetary resilience”

On: June 2, 2022

Fitch Ratings, one of the world’s top credit ratings agencies, has determined that Governor Newsom’s proposed budget is “structurally balanced” while investing in some of the state’s most pressing challenges. Here are some of the top takeaways: “the governor takes a fairly conservative approach to using increased revenue by limiting …continue reading

featured graphic for California State Treasurer Fiona Ma

California’s bond rating gets upgraded

By: courtesy

On: August 20, 2019

In: Financial, Government

In a nod of approval for how its finances are being managed, California’s credit rating was upgraded by the credit rating agency Fitch Ratings. General Obligation (GO) bonds went up to AA. Fitch said the upgrade of California’s GO and Issuer Default Rating to AA from AA- reflects improved fiscal …continue reading