Howard Cure quoted by Reuters on California's long-term fiscal outlook; says future rating downgrades likely

March 5, 2010

Investors should be cautious about California's debt, as its GO debt ratings are hovering just above junk status, said Howard Cure, director of municipal research at Evercore Wealth Management, in an interview with Reuters. "We are pessimistic about the long-term fiscal situation in California, and we consider future rating downgrades likely."

The Evercore Wealth Management fixed income team published a report on March 1, 2010, titled California's Financial Crisis: Year Two. To view the summary and investment conclusion, click here. To access the full report: click here.