Moody's said to have junked Blue City Bonds
The only access I have to this news is a two-line snippet from Project Finance magazine. So if anyone has any more detailed factual, rather than speculative or judgemental information, they are welcome to share it.
The $399 million 'A1' tranche has been cut from Baa3 to Ba1 because sales of units are well below what is required.
The $399 million 'A1' tranche has been cut from Baa3 to Ba1 because sales of units are well below what is required.
