Moody's Investors Service said it has downgraded the general obligation rating of Sweetwater Union High School District, Calif., to A1 from Aa3 and has also downgraded the rating on the district's outstanding certificates of participation, Series 2001 from A1 to A3.
Sweetwater UHSD, Calif., GOs Downgraded to A1 by Moody's
FEB 12, 2013 7:12am 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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