Thursday, March 19, 2009

S&P Lowers Credit Ratings on General Growth

Posted By on Thu, Mar 19, 2009 at 11:20 AM

S&P Lowers Credit Ratings on General Growth: The parent company of the Bayshore Mall -- and 200-some others -- has been downgraded to "D," as in "default." They're left "hoping holders of ... past-due bonds will forgo filing an involuntary bankruptcy petition," according to the Wall Street Journal. Today their stock is trading at 57 cents per share, down roughly 98 percent from
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Ryan Burns

Ryan Burns

Ryan Burns worked for the Journal from 2008 to 2013, covering a diverse mix of North Coast subjects, from education, politics and marijuana to human suspension, sex parties and amateur fight contests. He won awards for investigative reporting, feature stories and news coverage.

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