Standard & Poor's Ratings Services has lowered its rating to AA-minus from AA on the $50 million series 2010 and $119.3 million series 2007 revenue bonds issued by the New York Dormitory Authority for Vassar College.
Vassar College, N.Y., Rating Lowered to AA-Minus by S&P
NOV 15, 2012 3:01pm 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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