Standard & Poor's Ratings Services said it lowered its underlying rating to C from CC on the Mendocino Coast Health Care District, Calif.'s general obligation bonds.
Mendocino Coast Health Care Bonds Lowered to C by S&P
NOV 14, 2012 2:07pm 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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