Moody's Investors Service said it has downgraded to Baa1 from A2 the rating on $65.7 million of general obligation debt of the city of Niagara Falls, N.Y., and placed the rating under review for further downgrade.
Niagara Falls, N.Y., Downgraded to Baa1 by Moody's
JAN 9, 2013 3:19pm 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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