Japanese Disaster Affects Tourism in Hawaii; Moody's Cuts State's Credit Rating

While known for its stunning beaches and beautiful flora, Hawaii's economy has seen sunnier days. The state's bonds were downgraded by credit agency Moody's Investors Service, though they're still at least a notch above troubled New Jersey, California and Illinois in terms of fiscal stability. Hawaii's outstanding general obligation bonds were downgraded from Aa1 to Aa2 because of the state's "strained financial operations," the credit-rating agency said. That will make borrowing more...Full Story
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