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Insights Investing in the State of California
Jun 05, 2019
- Fiscal prudence, governance reform, and retirement of internal debt have bolstered California’s financial resilience.
- Looking ahead, careful monitoring is required — including the state’s financial management practices, the impact of recent/prospective federal policy initiatives, the pulse of the electorate, and the effect of climate change.
- Bessemer seeks attractively valued California bonds in sectors that exhibit less correlation with the state/its credit quality.