Moody's Investors Service said it has downgraded to Aa3 from Aa2 the rating on the city of Rochester, Minn.'s electric utility revenue bonds.
Moody's Downgrades Rochester, Minn., Elec Revs to Aa3
DEC 19, 2012 9:20am 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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