Once-AAA Bonds on New York Megamall Face Over $350 Million Loss
2 outlets - including Financialpost and Bloomberg - are covering this story. 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.
Covered by 2 outlets
All coverage · 2 articles
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.
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.