Moody's Investors Service has downgraded the rating on the Middlesex County Improvement Authority, N.J.'s Heldrich Hotel's $28.5 million 2005 Series A and $2.5 million 2007 Series A senior revenue bonds to Caa1 from B3.
Heldrich Hotel Bonds Downgraded to Caa1 by Moody's
DEC 21, 2012 11:56am 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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