Glendale, Ariz., took a second downgrade on its general obligation bonds Wednesday as the Phoenix suburb refunded $239.9 million of debt issued for professional sports facilities.
S&P Drops Glendale GO to A-minus Amid Sports-Debt Restructuring
DEC 13, 2012 4:27pm 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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