Recommendation to buy State of California general obligation bonds due to the state's strong economic position, improved financial practices, and legislative changes. The bonds are backed by the state's full faith and credit, with debt service prioritized behind education funding. Despite high leverage and pension liabilities, the state's financial position is improving.
doj/DataSet10/EFTA01378356.pdf
{"title":"State of California General Obligation Bonds Investment Recommendation","document_date":"2015-10-31","document_type":"financial","key_locations":["California"],"document_subtype":"Investment Recommendation","key_organizations":["State of California","Deutsche Asset & Wealth Management"],"reference_numbers":["130638P63"]}