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Banking

Nov. 18, 2003

Attorney Hand-Carries Letters of Credit

The budget woes that have given the Golden State the lowest credit rating in the nation complicated a recent $3 billion financing deal aimed at providing cash for California's expenses, attorneys say.

By Toni Vranjes
        The budget woes that have given the Golden State the lowest credit rating in the nation complicated a recent $3 billion financing deal aimed at providing cash for California's expenses, attorneys say.
        But wildfires raging in Southern California presented a more urgent challenge for the financing late last month as ...

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