Orange County upgraded by Standard & Poor.
| Position | News Briefs |
Seven years after the largest municipal bankruptcy in history, Orange County, California's financial progress was underscored in April by an upgrade from Standard & Poor's. The agency upgraded the county's issuer credit rating from A to A-plus in advance of an $82 million refunding--the largest deal since a $1.6 billion investment pool loss forced the county into bankruptcy in 1994. The upgrade brings Standard & Poor's Orange County rating closer to those of Moody's Investors Service (Aa2) and Fitch Ratings (AA-minus). The...
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