Citing California’s success in issuing $5 billion in short-term revenue anticipation notes last week, Standard & Poor’s on Tuesday removed the state government from negative CreditWatch, while the state treasurer’s office announced plans to sell $2 billion more in notes.

“The removal of the GO bonds from CreditWatch, in our opinion, is supported by the recent successful sale of $5 billion of Rans,” said the Standard & Poor’s release.

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