California: A State Like No Other
Source: SeekingAlpha
2025-11-27 10:52:00 ET
By Patrick Haskell
Boom or bust economy
The Golden State has taken a remarkable turn in terms of its financial health in the past decade. Balanced budgets and improved cash flows have led to credit rating upgrades and stable outlooks. California is now the world’s fourth-largest economy, with a GDP of $4.1 trillion. Our credit team has identified several areas of opportunities, however, there are some areas of risks we are keeping a watchful eye on as well....
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California: A State Like No Other
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