Being California Gets More Expensive
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From 247wallst.com
Institutions that are not likely to pay their bills have to offer higher interest rates for capital. Old rule. Usually works. Credit agencies issue ratings which allow investors to decide how much risk they can stomach. That part of the system turned to dust during the credit crisis.
Now that evaluating debt has regained some of its equilibrium, one of the focuses on potential default levels has turned to states and municipalities.
Read More at 247wallst.com >>>>
Institutions that are not likely to pay their bills have to offer higher interest rates for capital. Old rule. Usually works. Credit agencies issue ratings which allow investors to decide how much risk they can stomach. That part of the system turned to dust during the credit crisis.
Now that evaluating debt has regained some of its equilibrium, one of the focuses on potential default levels has turned to states and municipalities.
Read More at 247wallst.com >>>>
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