Moody's Investors Service said it has downgraded to Ca from Caa3 the rating on Jefferson County, Ala., $3.14 billion in outstanding sewer revenue warrants; the outlook remains negative.
Jefferson Co., Ala., Sewers Cut to Ca by Moody's
FEB 13, 2013 2:17pm 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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