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JUL 17, 2014 - Yahoo! News

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California's water conservation could weaken utilities' credit

California's strict new regulations for water conservation could have the unintended consequence of hurting the credit quality of water utilities in the drought-stricken state. On Thursday, Moody's Investor Service warned that a significant drop in water sales could weaken the credit quality of some water utilities, many of them public districts. "Less sales is going to mean less revenue," said Eric Hoffmann, a Moody's senior vice president.

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