Moody’s Gives Worcester Ballpark Bonds High Rating

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.

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.