SAN FRANCISCO - Standard & Poor's this week revised the outlook on its A-plus rating for California State University to stable from positive.

The move comes as the university system prepares to price $450 million of revenue bonds Thursday, the first public sale from the California treasurer's office since the state adopted a revised budget last month to close a $40 billion-plus deficit in combined fiscal years 2009 and 2010.

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.