S&P upgrades State of CA

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“The fact that California’s ratings outlook has shifted from negative to positive in less than a year is a powerful vote of confidence in our state,” Gov. Jerry Brown said in a statement. “Let’s keep the momentum going.”
In July, Standard & Poor’s shifted the state's credit rating outlook from negative to stable after Brown signed the state’s first on-time and balanced budget in a decade.
The ratings agency also affirmed its A- rating on more than $73 billion of long-term debt.
Mark Anderson covers banking, finance, accounting, technology, telecom, venture capital, hospitality, tourism and restaurants for the Sacramento Business Journal.

http://www.bizjournals.com/sacramento/news/2012/02/14/sp-upgrades-california-credit-rating.html