moodys http://kvpr.org en Moody's: More California Cities Could Declare Bankruptcy http://kvpr.org/post/moodys-more-california-cities-could-declare-bankruptcy <p>More California cities may file for bankruptcy and default on bonds in the coming months, according to a report released today by a major credit rating agency.</p><p>In a report titled <a href="http://www.moodys.com/research/Moodys-examines-why-some-California-cities-are-choosing-bankruptcy--PR_253436">“Why Some California Cities Are Choosing Bankruptcy”</a> Moody’s Investors Service warned that the risk of more municipal bankruptcies in the state has gone up.</p><p>So far this year, three California cities have filed for bankruptcy, Stockton, San Bernadino and Mammoth Lakes.</p> Fri, 17 Aug 2012 23:16:46 +0000 Joe Moore 2487 at http://kvpr.org Moody's: More California Cities Could Declare Bankruptcy