Fitch rates California G.O. bonds A+

Fitch Ratings said it assigned an A+ rating to $1.75 billion State of California general obligation bonds, consisting of $1.3 billion various purpose tax-exempt G.O. bonds; $400 million tax-exempt G.O. refunding bonds; and $50 million taxable G.O. bonds (federally taxable).

The bonds now offered are expected to sell via negotiation on or about April 10.

Maturity and call provisions will be determined upon pricing.

In addition, Fitch said it maintains the Rating Watch negative on about $44.6 billion in outstanding G.O. bonds and veterans G.O. bonds.

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