Once-AAA Bonds on New York Megamall Face Over $350 Million Loss
Pyramid Management Group, a shopping center developer, is buying back the mortgage on a struggling megamall it owns in Syracuse, New York, for cents on the dollar, mostly wiping out bonds that originally carried top ratings.
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
Also reported by 1 other outlet
- Once-AAA Bonds on New York Megamall Face Over $350 Million Loss financialpost.com
