S&P Upgrades California’s Financial Outlook to ‘Positive’
On Tuesday, rating agency Standard & Poor's upgraded California's financial outlook from stable to positive. To avoid a possible cash flow crisis in March, Gov. Jerry Brown (D) signed a bill (SB 95) authorizing the state to borrow from various earmarked funds. The state also plans to delay Medi-Cal reimbursements to physicians. Medi-Cal is the state's Medicaid program.
- "S&P Upgrades California's Financial Outlook" (Megarian, "PolitiCal," Los Angeles Times, 2/14).