Credit Report: California Moves Up To 47
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
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)
48. New Jersey
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.