SAN FRANCISCO — Moody’s Investor’s Service late Wednesday put California’s A1 general obligation bond rating on watch for a possible downgrade, amid a worsening budget crisis that lawmakers have been unable to resolve since early November.

The agency also put on watch the state’s A2-rated lease and appropriation backed debt, along with its Aaa global scale rating for taxable stem cell bonds sold in 2007 and its Aa1 rating on judgment trust certificates of participation sold in 2005. 

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