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Bonds, they're A Bonds
2007-12-19 19:26
by Bob Timmermann

One of the two major bond rating service, Fitch Ratings, has announced that it is not changing its rating for the bond issues from Major League Baseball (called the Major League  Baseball Trust) in light of the Mitchell Report. They were A and they will remain A. The highest rating from Fitch is AAA.

I don't know what the Moody's (really Mergent) rating is, but from my experience of working as a librarian in the Business Department of the library for several years, is that when someone asks a questions about bond issues, the best way to answer the question is to crawl under the desk and hide and hope that the person asking the question believed that you died.  It proved to be an unsuccessful tactic.


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