Fitch Ratings Assigns 'BBB-' to Starwood's $400MM Sr Notes Issue
(Business Wire via Yahoo! Finance)
NEW YORK----Fitch Ratings has assigned a 'BBB-' rating to Starwood Hotels & Resorts Worldwide Inc.'s 6.25% $400 million senior notes due 2013. The Rating Outlook is Stable. The notes rank equally with Starwood's other unsecured and unsubordinated debt.
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Source: Yahoo! News Search Results for hotels of new york
Comment:
What does a BBB rating mean?
BBB (Rating Definitions) - ...The capacity for timely payment of financial commitments is considered adequate, but adverse changes in circumstances and in economic conditions are more likely to impair this capacity. This is the lowest investment-grade category.
Bruno Gioffre is once again bringing Port Chester a bad condo project.
First was the Castle, which is now wants to change to rental apartments and is looking for a PILOT (Payment In Lieu Of Taxes) Deal. Plus Bruno wants to add apartments and increase the density of the project.
Then there was the Mariner which wants an extention.
Now here are more Condos at the United Hospital Site.
Bruno Gioffre is going to make a lot of money bringing all of these Massive Multi - Family Apartment Buildings to Port Chester and you are going to get the massive school tax bill.
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