Meredith Whitney Rates California as Worst, Fortune Reports
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Meredith Whitney, the analyst who correctly predicted Citigroup Inc.’s dividend cut in 2008, will release a report rating California’s financial condition as the worst among the 15 largest U.S. states, Fortune said.
The report rates the states by four criteria: economy, fiscal health, housing and taxes, Fortune said, citing Whitney. Texas and Virginia are the only two states to receive overall positive ratings, the magazine reported yesterday. An official at Meredith Whitney Advisory Group LLC in New York confirmed the document’s existence and said it wasn’t immediately available.