The credit rating agency Moody’s Investors Service has assigned a high quality rating to $27.5 million in bonds the city of Worcester (MA) plans to issue to pay for costs associated with a new city-owned baseball park for the relocating Pawtucket Red Sox (Triple-A, International League). Read more here.
Tag Archives: Moody’s
A Moody Outlook for City’s Debt in AutoZone Park Deal
On the eve of a critical vote by the Memphis City Council, a report from Moody’s Investors Service gives a “negative” outlook to its Aa3 rating of $23.6 million in revenue bonds the city plans to use to finance the purchase of AutoZone Park and improvements to it. Read more here.
Filed under Lease & Contracts, Money & Financials, Stadium Issues