Standard & Poor's Ratings Services said it lowered its long-term rating and underlying rating to A-minus from A-plus on Glendale, Ariz.'s general obligation bonds.
Glendale, Ariz., GOs Downgraded to A-Minus by S&P
DEC 13, 2012 11:31am 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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