LOS ANGELES -- California Treasurer Kathleen Brown said yesterday that Moody's Investors Service will probably lower its Aa rating on the state's general obligation bonds today or tomorrow.

Of the three rating agencies that met with state finance officials Monday in New York City, "it is very clear that Moody's has the most serious questions about California," Brown told reporters at a news conference held at the Pacific Stock Exchange in downtown Los Angeles. "I expect we will hear ratings news from [Moody's] in the next two days."

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