Moody's Investors Service said it has downgraded the long-term rating on Southwestern University, Texas's revenue bonds, Series 2004A and 2004B to A2 from A1.
Southwestern University 2004A, B Downgraded to A2 by Moody's
FEB 22, 2013 10:48am 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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