Standard & Poor's Ratings Services said it lowered its long-term rating and underlying rating on Denair Unified School District, Calif.'s general obligation debt one notch to A from A-plus.
Denair USD, Calif., Downgraded to A by S&P
DEC 21, 2012 1:20pm 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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