Moody's Investors Service said it has downgraded to Baa1 from A2 the rating on the Borough of East Rutherford, N.J.'s approximately $17 million in outstanding rated debt secured by the borough's general obligation, unlimited tax pledge.
East Rutherford, N.J., Downgraded to Baa1 by Moody's
NOV 28, 2012 7:48am 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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