My Ratings of California's Bonds

BBR's (Bapcha's Bond Ratings) CA Bond Ratings looking forward twelve months: 100/100. We expect CA to substantially meet all of its fiscal obligations by doing whatever it takes to keep their ratings... BBR's CA Bond Ratings looking forward five years: 95/100. This could change depending on the economy of course. We expect California to meet its fiscal obligations. However, there is a 5% chance that California could delay payments on its bonds by more than a month in the next five years...

Seeking Alpha: My Ratings of California's Bonds