Standard & Poor's Ratings Services said it lowered its long-term rating to A-plus from AA-minus on Montecito Water District, Calif.'s series 2010A refunding revenue certificates of participation.
Montecito Water, Calif., COPs Lowered to A-Plus by S&P
DEC 10, 2012 3:25pm ET
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New York's budget leaves it at risk of becoming one of only five states that do not allow the use of design-build procurement to deliver public infrastructure projects.
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