Standard & Poor's Ratings Services lowered its rating on Monrovia Redevelopment Agency, Calif.'s bonds issued for the Central Redevelopment Project Area No. 1 to BBB-plus from A-minus.
Monrovia RDA, Calif., Bonds Lowered to BBB-Plus by S&P
JAN 17, 2013 8:17am 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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