S&P assigns A+ to Lincoln Center

Standard & Poor's said it assigned its A+ public issuer credit rating to Lincoln Center for the Performing Arts in New York City. The outlook is stable.

The center has $162.8 million of outstanding debt and expects to issue an additional $200 million in calendar 2008, S&P said. Proceeds will complete the extensive 65th Street redevelopment project and related projects, and provide bridge and permanent financing until pledge payments and government grants are received.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.