Fitch Ratings Monday afternoon revised California's outlook to positive from stable, while affirming its A-minus rating on about $72.7 billion in outstanding general obligation debt.

The action comes in advance of next week's scheduled issuance and remarketing of $2.7 billion in California GOs.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.