Standard & Poor's Ratings Services said it has raised its rating on the city of Austin, Texas' separate-lien electric utility system revenue bonds outstanding to AA-minus from A-plus.
Austin Separate-Lien Electric Bonds Upgraded to AA-Minus by S&P
NOV 13, 2012 10:41am 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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