Moody's Investors Service said it has downgraded the rating on $39 million in Utica City School District, N.Y., outstanding debt to Baa2 from Baa1, and assigned an enhanced A2 and underlying Baa2 rating to the district's $22 million general obligation refunding bonds, Series 2013.
Utica City SD, N.Y., Downgraded to Baa2 by Moody's
JAN 31, 2013 7:22am 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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