Glendale, Calif. saw its issuer rating downgraded to Aa2 from Aa1 by Moody's Investors Service as part of the rating agency's adjustment in California bonds.
Moody's Downgrades Glendale, Calif.
JAN 17, 2013 4:21pm 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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