txlaw Posted January 31, 2013 Share Posted January 31, 2013 http://www.bloomberg.com/news/2013-01-31/california-general-obligation-grade-raised-one-level-by-s-p-to-a.html I believe FFH holds a bunch of CA bonds, and it might be the case that most of that position is insured by BHAC. Link to comment Share on other sites More sharing options...
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