Sao Paulo Trails Los Angeles in Handling Drought, Moody's Says

  • Brazilian city has 5 months of water; U.S. metropolis has 18
  • Moody's downgraded Sao Paulo utility to junk rating last week

Better planning, more of an effort to conserve water and the authority to set price increases left Los Angeles in a better position to handle its record drought than Sao Paulo, according to Moody’s Investors Service.

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