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Controller Issues Statement on California’s Improving Credit Outlook

Posted: January 14, 2014 6:33 p.m.
Updated: January 14, 2014 6:33 p.m.

SACRAMENTO - State Controller John Chiang today issued a statement on news that two rating agencies -- Standard & Poor’s and Fitch -- have indicated a more favorable outlook on the State's credit rating:

"With the State’s chronic cash problems fading, I am pleased that two rating agencies are poised to upgrade California's credit worthiness," said Chiang. "If we hope to continue to govern outside of crisis, we must avoid the over-spending mistakes of the past and take a long-term view of how to sustain the State’s fiscal health."

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