Moody's, S&P Lower Arizona's Credit as Crisis Keeps on Going
|
Monday, December 28, 2009 |
After months of failure to balance its budget amid one of the worst fiscal crises in its 97-year history, Arizona Wednesday suffered double ratings downgrades as Moody's Investors Service lowered the credit to A1 from Aa3 leaving the outlook negative, while Standard & Poor's late in the day dropped the...
