TITLE

Moody's Issues Warning About Cardinals Ballot Measure

AUTHOR(S)
Shields, Yvette
PUB. DATE
October 2004
SOURCE
Bond Buyer;10/20/2004, Vol. 350 Issue 31993, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports a warning of Moody's Investors Service (Company). It warned that St Louis County's ability to repay $45 million of appropriation-backed bonds for the new St. Louis Cardinals ballpark could be adversely affected if county voters endorse a November 2 ballot measure against public subsidies for professional sports stadiums. The bonds, part of a larger financing package that included state and city subsidies for the new $400 million stadium, are secured only by an annual appropriation to cover debt service.
ACCESSION #
14779427

 

Related Articles

  • Moody's Weighs in on St. Louis Ballpark Issue With Downgrade. Shields, Yvette // Bond Buyer;11/23/2004, Vol. 350 Issue 32016, p3 

    Reports that Moody's Investors Service Inc. downgraded a Saint Louis County-backed bond issue for the Cardinals ballpark adding its voice to the controversy over the impact of a successful referendum banning subsidies for professional sports stadiums without prior public approval in Missouri....

  • Minnesota City Returns to Investment Grade After Sports Default. Shields, Yvette // Bondbuyer.com;10/16/2014, p32 

    The article reports on the investment grade general obligation (GO) bond rating Moody's Investors Service returned to Vadnais Heights in Minnesota, upgrading it to Baa2 from Ba1 on October 15, 2014. Topics discussed include the city's resolution of a bond default arising from its failure to...

  • Fitch Drops National Benevolent Association Three Notches Into Junk Territory. Shields, Yvette // Bond Buyer;6/20/2003, Vol. 344 Issue 31661, p7 

    Fitch Ratings Inc. on June 19, 2003 knocked Saint Louis, Missouri-based nonprofit National Benevolent Association's $149 million of outstanding debt down three notches from BBB-minus to the junk-bond territory of BB-minus. Fitch's action follows a similar move by Moody's Investors Service Inc....

  • Eastern Health on Watch. Sigo, Shelly // Bond Buyer;6/24/2004, Vol. 348 Issue 31912, p31 

    Reports on the move of Moody's Investors Service Inc. to place the bond ratings of Eastern Health System Inc. on watch list for a possible downgrade in Alabama. Impact of the outstanding debt of the company on the bond ratings; Review of the management of the financial reports of the company;...

  • OHIO: Water Works Upgrade. Shields, Yvette // Bond Buyer;5/2/2007, Vol. 360 Issue 32620, p9 

    The article reports that Moody's Investors Service Inc. has upgraded the Cincinnati, Ohio Water Works' seniorlien bonds ratings to Aa1 from Aa2 ahead of the city's sale of $75 million of new-money bonds. The upgrade affects a total of $327 million of debt that includes the new sale. The...

  • Miami Schools Stable. Sigs, Shelly // Bond Buyer;6/16/2005, Vol. 352 Issue 32155, p39 

    The article reports that Standard & Poor's Corp. revised its outlook on the Miami-Dade County School Board's general obligation bonds and certificates of participation to stable from negative, citing stabilized fund balances over the past two fiscal years and expected balanced operations in...

  • Moody's Sets Schedule to Migrate Municipal Ratings to Global Scale. Saskal, Rich // Bond Buyer;9/3/2008, Vol. 365 Issue 32953, p7 

    The article reports on the decision of Moody's Investors Service Inc. to migrate U.S. public finance ratings to its global scale. The company explains that its new scale indicates that municipal securities ratings will carry the same rating for a security in other sectors such as corporate debt....

  • Kaydon debt rated `stable'. Strong, Michael // Crain's Detroit Business;8/11/2003, Vol. 19 Issue 32, p2 

    U.S.-based credit rating agency Moody's Investors Service Inc. applied a Ba3 or 'stable' rating to $200 million in new bonds of Ann Arbor, Michigan-based Kaydon Corp., as of August 11, 2003. It is the first time Moody's has applied a rating to the company's debt. These bonds were issued in May...

  • Water Deal Coming. Helen Chang // Bond Buyer;5/9/2005, Vol. 352 Issue 32128, p35 

    The article focuses on the selling $30.1 million of revenue bonds by Lynn Water and Sewer Commission. Proceeds will be used to refund a 1997 bond issue and to buy an insurance policy for a debt service reserve for the 2005 bonds. Moody's Investors Service Inc. expects the commission to improve...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics