Story thread · 2 reports / 2 sources
Once-AAA Bonds on New York Megamall Face Over $350 Million Loss
financialpost.com · 4d
How the coverage leans
Across 2 sources · syndicated copies counted once
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.
First report: Once-AAA Bonds on New York Megamall Face Over $350 Million Loss — bloomberg.com, 4d
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