Moody's Downgrades Arizona Rating On Liquidity Worries

Be certain that liquidity concerns are not limited to Arizona.

Moody's Investors Service downgraded Arizona on worries about the state's tightening liquidity.

The rating agency pointed out that Arizona, one of the states hardest-hit by the housing bust, has had sizable budget deficits, depleted reserves and relied on nonrecurring budget solutions in recent years.

Source: tradesignalonline.com