In this CreditMatters TV segment, Larry Witte, Senior Director in Global Fixed Income Research, discusses U.S. public finance rating actions in California from Jan. 1, 2015 through June 30, 2016. Only six states, as well as Guam, had higher upgrade-to-downgrade ratios, but their total upgrades amounted to 94 upgrades as compared to the 484 upgrades California saw over that time.