Moody's Investors Service said it has downgraded the rating on the city of Sacramento, Calif.'s master lease revenue bonds from Aa3 to A2.
Moody's Downgrades Sacramento's Lease Revenue Bonds to A2
JAN 31, 2013 12:02pm 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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