Moody s Downgrades Vornado s Debt Rating to Junk therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
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 […]