Moody's Investors Service said it has assigned a Aa3 rating to Chabot Las Positas Community College District, Calif.'s $300 million 2013 general obligation refunding bonds and downgraded to Aa3 from Aa2 the rating on the district's $438 million in outstanding general obligation debt.
Chabot Las Positas CCD, Calif., Downgraded to Aa3 by Moody's
FEB 22, 2013 8:30am 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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