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

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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.

(Bloomberg) — 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.

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For credit ratings that are derived exclusively from an existing credit rating of a program, series, category/class of debt, support provider or primary rated entity, or that replace a previously assigned provisional rating at the same rating level, Moody’s publishes a rating announcement on that series, category/class of debt or program as a whole, on the support provider or primary rated.

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

Developer Morgan charged in $500M fraud; CNY sites involved The company has already raised $50 million (£31 million) in funding earlier this year, but rumours of the new tranche of funding have not been confirmed by any of the parties involved. the current.