
Moody’s: Drought Poses No Risk to California’s Credit
California’s record four-year drought will have little impact on the state’s overall economy, according to credit rating agency Moody’s.

California’s record four-year drought will have little impact on the state’s overall economy, according to credit rating agency Moody’s.

A new map unveiled by the NASA Earth Observatory this week shows that the risk of “megadrought”–a severe drought lasting for up to 35 years – is increasing, and not just for the already drought-stricken California.