Moody's Investors Service has downgraded to A3 from A2 the outstanding rating on the city of Jasper, Texas's general obligation limited tax debt.
Jasper, Texas, Downgraded to A3 by Moody's
NOV 14, 2012 7:26am 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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