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Fitch Rates California's $1.9B GOs 'A+'; Outlook Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned an 'A+' rating to the following general obligation (GO) bonds of the state of California: --$550 million various purpose GO bonds; --$1.35 billion various purpose GO refunding bonds. The bonds will be sold via negotiation on Aug. 26, 2015. At the same time, Fitch affirms the 'A+' rating on $76 billion in outstanding GO bonds of the state of California. Fitch also affirms outstanding lease appropriation and other bonds related to the state GO

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