The major players in deal that would transfer ownership of the dilapidated RFK stadium site from the hands of the federal government to the District of Columbia is stuck two yards in front of the goal line. “Everyone’s focused on the election,” said Josh Harris who’s the managing partner of the National Football League’s Washington
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Mount Saint Mary College, a small liberal arts school in New York state, saw its bond rating downgraded to BBB from BBB-plus by Fitch Ratings, after persistent declines in student enrollment pressured the school’s finances. The college on the bank of the Hudson River about 70 miles from New York City enrolled just 1,383 full
Bondholders of a chunk of unrated debt floated for the troubled American Dream megamall in New Jersey will see a partial payday next week when the borrower makes up some of the overdue interest payments. The $287 million of grant revenue bonds, which are backed by New Jersey economic development grants based on the mall’s
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. It is nearly three months since President Emmanuel Macron dissolved parliament in a misguided attempt to bring political “clarity” to France. The shock snap elections in which his centrist alliance was roundly beaten have brought
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A recent CreditNews Research study ranked the slowest-selling metro areas in the U.S. The Good Brigade | Digitalvision | Getty Images Even as mortgage interest rates were rising, home prices reached the highest level ever on the S&P CoreLogic Case-Shiller U.S. National Home Price Index. On a three-month running average ended in June, prices nationally
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This is an on-site version of the US Election Countdown newsletter. You can read the previous edition here. Sign up for free here to get it on Tuesdays and Thursdays. Email us at electioncountdown@ft.com Good morning and welcome to US Election Countdown. Today let’s get into: Kamala Harris is trying to recast her party as the US’s patriotic
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The nation’s largest children’s hospital has hit a rough financial patch, leading to two bond rating downgrades and plans to cut nearly 1,000 jobs, while it eyes a return to the municipal bond market. Ratings for Houston-based Texas Children’s Hospital were cut one notch to AA-minus by Fitch Ratings in July and Aug. 19 by
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Emerging market investors are betting that a bull run in China’s bond markets has further to go, even as Beijing signals increasing discomfort with a soaring rally in government debt. China’s central bank has been trying to cool a frenzy for long-term government bonds this year driven by local investors who have pushed yields down
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