tag:blogger.com,1999:blog-20743459.post7329512656362246333..comments2024-03-28T05:19:17.215-04:00Comments on Atlantic Yards/Pacific Park Report: Moody's says FCE's bond rating is junkier, but that doesn't affect the arena bonds--yetNorman Oderhttp://www.blogger.com/profile/07618087999719667586noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-20743459.post-84294627665896894142009-08-02T15:27:07.726-04:002009-08-02T15:27:07.726-04:00the analysis above is excellent, but it overlooks ...the analysis above is excellent, but it overlooks one huge aspect of the downgrade in fce's debt rating<br /><br />moody's continues to give fce debt A NEGATIVE OUTLOOK, which means they expect fce's debt rating to continue to deteriorate<br /><br />moody's cited fce's excessive debt and poor coverage of fixed charges, as well as persistent challenges in both the real estate market and credit environment, as the primary reasons for the negative outlook<br /><br />let's face it, fce's credit status is in a death-spiral ... all that remains is the final crash & burnCRUZ COUNTRYhttps://www.blogger.com/profile/09387134609817547810noreply@blogger.com