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Vornado’s Steven Roth with the Farley Building (Getty, Vornado Realty)Vornado Realty has been hit with a rating downgrade. Moody’s downgraded Vornado’s debt rating from investment grade to junk over the firm’s ability to make debt payments over the next two years, on Monday. Moody’s pointed to Vornado’s fixed charge coverage ratio, or its ability to pay debt costs, declining to […]

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