Moody's Investors Service has downgraded to Baa1 from A2 the underlying rating on Avondale School District, Mich.'s general obligation tax pledge and removed the negative outlook.
Avondale School District, Mich., Downgraded to Baa1 by Moody's
FEB 7, 2013 7:36am 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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