Credit Report: California Moves Up To 47

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That's up 3 points from 49 (or would it have been 50?) according to this credit report (.pdf file) on the states by the Conning Municipal Credit Research Group. That's 47 out of 50, with 50 being the lowest rating. They take into account various things like employment, tax revenue and debt, among other things.

If you decide to look at the pdf report itself, the state listings begin on page 4. For those that don't want to go there, here's the top and bottom five rankings. The top five:

1. North Dakota
2. Wyoming
3.South Dakota
4. Nebraska
5. Texas

All five of those states were within one point of that ranking six months ago.

The bottom five:

46. Kentucky (down 8 points from 6 months ago)
47. California
48. New Jersey
49. Illinois
50. Rhode Island

They even have a list of the top five improving states and five most declining states. Check out the pdf file for those if interested.