TITLE

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

AUTHOR(S)
Shields, Yvette
PUB. DATE
February 2005
SOURCE
Bond Buyer;2/14/2005, Vol. 351 Issue 32070, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
16140942

 

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