Moody’s Investor Service

8:56 am
Tue June 18, 2013

Moody's Downgrades the State's 38 Studios Bonds

Moody’s Investors Service has downgraded the state’s bonds for its failed deal with 38 Studios.  Moody’s has put those and other state bonds under review for possible additional downgrades.

In explaining the move, Moody’s points to uncertainty in the General Assembly about whether to allocate money for paying back the 38 Studios’ bonds. The investors’ service downgraded the 38 Studios bonds from a low credit risk to a moderate risk.

Read more