Blackstone Secures Debt Refinance for Premium NYC Condo Tower Using Municipal Bonds
20 days ago
Blackstone, one of the world’s largest investment firms, has successfully refinanced its debt for a luxury condominium tower located in New York City. This strategic move has seen the firm leverage municipal bonds to secure a more favorable financial position amid changing market dynamics.
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Oakland Faces Credit Rating Downgrade Amidst Growing Fiscal Deficits
21 days ago
In a striking development for the city of Oakland, California, Fitch Ratings has officially downgraded the city’s credit rating by two notches, moving it from 'A' to 'BBB'. This significant adjustment comes in light of projected budget deficits that may exceed $60 million over the next few years, raising alarms about Oakland's financial stability.
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