Las Vegas Monorail's Reopening Keeps Downgrade at Bay

Kelemen, Jasmina
December 2004
Bond Buyer;12/28/2004, Vol. 350 Issue 32038, p6
Trade Publication
The article reports that the Las Vegas Monorail has reopened and was greeted by record crowds taking advantage of free fares as the train's operators moved to restore confidence in a system that had been shut down since September 2004 due to operational mishaps and safety concerns. The reopening would also seem to stave off for the time being a possible downgrade of the underlying ratings on the elevated track's roughly $445 million of bonds that credit agencies warned was looming in the background if operations were not restored by the new year.


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