It's one thing to say it, it's another to have to validate. It's not just the pension pay downs that is reflected in the bond ratings. It's across the spectrum that the Bond ratings have improved. And you've seen the bond rating improvement since 2018 in Moody's and Fitch. So it's a responsible budget from our perspective and one that familiar, that represents broadly Our values. And again, we have work to do and we're going to get to that in those out years. (31:31–31:38)
CLAIM
Asserts that California's bond ratings have improved since 2018 according to Moody's and Fitch.
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