California Has Lowest Bond Rating in USA

It's official. California now has the lowest bond rating of any state in the Union.

All three major credit agencies are giving California the nation's lowest bond rating.

[...]

Moody's Investors Service downgraded the state's general-obligation bonds to A2 from A1 on Friday. The move follows similar decisions by Standard & Poor's and Fitch Ratings.

California previously was tied with Louisiana for the nation's worst credit rating.

Worse than Louisiana. Dayummmmmm!

At Calitics, there is a front page post stating that it is unlikely the CA economy will recover for at least two years.