Fitch Cites Litigation in Placing St. Louis Ballpark Debt on Watch

Shields, Yvette
February 2005
Bond Buyer;2/14/2005, Vol. 351 Issue 32070, p3
Trade Publication
Reports that Fitch Ratings Inc. has placed on negative watch St. Louis County's appropriation-backed bond issue for the St. Louis Cardinals ballpark in Missouri, citing uncertainty over bond repayment because of pending litigation. Trial over whether a voter-endorsed charter change requiring voter approval of public subsidies for professional sports stadiums can be applied to the 2003 bond issue; Court order dismissing portions of the pending lawsuits; Political risk of the financing.


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