Search
 

Disney Arm Gets Lowered Bonds Rating

ORLANDO-Standard & Poor's Corp. of New York is giving $200 million in road construction bonds at the Lake Buena Vista, FL attraction an A, down from A-plus. S&P is also lowering its A rating on $500 million in utilities bonds to an A-minus at the Reedy Creek Improvement District.

By Alex Finkelstein | Updated on October 22, 2001

ORLANDO-Standard & Poor’s Corp. is lowering its ratings on $700 million of debt planned by Reedy Creek Improvement District, the government arm of Walt Disney World in Lake Buena Vista, FL, 15 miles south of Downtown Orlando.

The lowered ratings means Reedy Creek may have to pay slightly higher interest rates on infrastructure bonds in the near future. As the economy and the balance sheet of Walt Disney World improve, Reedy Creek could win a higher grade.

S&P is giving $200 million in road construction bonds an A, down from A-plus. Another $500 million in utility revenue bonds is getting an A-minus, down from an A.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.