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

Malls with a gross leasable area of 200,000 to 299,999 m 2 [ edit ] New York Mall’s $300 Million Muni Bonds Cut to Junk by Moody’s – Destiny USA, owned by Pyramid Cos., issued bonds backed by payments in lieu of taxes by the developer in 2007 to expand its Carousel Center mall into a super-regional shopping and entertainment.

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New York Mall’s $300 Million Muni Bonds Cut to Junk by Moody’s June 13, 2019 The ratings agency downgraded the rating on municipal bonds tied to Destiny USA in Syracuse, N.Y. JLL GreenBlog

 · New York, March 11, 2009 — Moody’s Investors Service today downgraded to Baa3 from Baa2 the senior unsecured debt rating of Developers Diversified Realty Corporation (DDR). The rating agency also downgraded DDR’s preferred stock rating to Ba1 from Baa3.

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New York Mall’s $300 Million Muni Bonds Cut to Junk by Moody’s Friday, June 14 07:51 New York Mall’s $300 Million Muni Bonds Cut to Junk by Moody’s; Destiny USA gets loan extension but may not meet covenants as Mall has limited competition but online shopping taking toll.

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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.

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