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S&P Lowers Mets' Ballpark Bonds

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Byline: Paul Burton Standard & Poor's downgraded to BB from BB-plus its underlying rating on nearly $700 million of Queens Ballpark LLC bonds used to backstop the construction of the New York Mets' Citi Field, while retaining a negative outlook. The new rating is two levels below investment grade. ... (Publication: The Bond Buyer)

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