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For Monorail, Next Stop Is Default

Friday, June 26, 2009

The Las Vegas Monorail Co. continues on its one-way journey toward default, according to Fitch Ratings, which Monday downgraded its underlying rating on the monorail operator’s first-tier debt to C from CC.

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Bond Buyer LogoThe Bond Buyer: The Daily Newspaper of Public Finance

For Monorail, Next Stop Is Default

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