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iStar Financial Inc. Message Board

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  • foreverwhiteroses foreverwhiteroses May 12, 2009 12:33 AM Flag

    Moody's downgrade

    Which "we" are we, Ag? Because I'd be curious to ask managemnent, if "we, the management" is here, whether Moody's was asked to rate the new layer of debt? And if not, why not? If the downgrade was anticipated, certainly being able to include the anticipated higher rating for the new debt within the Moody's announcement would have mitigated some of the negativity... Then again, if Moody's wasn't asked (or paid) for a new rating, that might go a ways toward explaining their hair-trigger negativity.