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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