Ballpark Trouble

Shields, Yvette
December 2004
Bond Buyer;12/29/2004, Vol. 350 Issue 32039, p23
Trade Publication
The article reports that Standard & Poor's Corp. has released a report warning that the November 2004 passage of a St. Louis County referendum restricting public subsidies for professional sports stadiums could impact the county's ability to make debt service payments on its $40 million bond issue for the new Cardinals ballpark. Standard & Poor's rates the bonds AA-plus. Its report echoed warnings from other rating agencies. Moody's Investors Service Inc. has lowered the bonds to Aa3 from Aa2. Aa2. Fitch Ratings rates them AA.


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