New York Mall’s $300 Million Muni Bonds Cut to Junk by Moody’s

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Syracuse, New York’s Destiny USA, one of the largest malls in the U.S., had the ratings on about $300 million of municipal bonds cut to junk by Moody’s Investors Service, which said shrinking profits may hinder its ability to meet the terms of a real estate loan.Moody’s cut.

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Moody’s drops Chicago’s credit rating to ‘junk’. Chicago already is struggling with a $300 million structural budget deficit and the looming $550 million increase for payments to police and.

The City. New York Mall’s $300 Million Muni Bonds Cut to Junk by Moody’s. Bloomberg – Martin Z Braun. Syracuse, New York’s Destiny USA, one of the largest malls in the U.S., had the ratings on about $300 million of municipal bonds cut to junk by.

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Moody slashed ratings on New York’s largest mall 0 million municipal bonds, almost two steps down to junk and assigned a negative outlook -showing that it can be downgraded further. Moody expects the bond owners to be paid on time but it reemphasizes on the risks associated with it.

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