Standard & Poor's Ratings Services has suspended its BBB long-term rating on San Bernardino Joint Powers Finance Authority, Calif.'s series 2010A, 2010B, and 2006 tax allocation bonds, reflecting a lack of timely information from the successor agency.
San Bernardino JPFA Ratings Suspended by S&P
NOV 6, 2012 1:20pm ET
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Land isn't the only thing drying up in California, as the drought's economic impacts are dangerously closing in on the state's financial resources.
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