DALLAS — Standard & Poor's put Glendale, Ariz.'s certificates of participation on negative watch as the city prepares to issue $100 million of debt to help a private investor buy the Phoenix Coyotes National Hockey League team.

Glendale's COPs remain at AA-plus, but the negative watch indicates a possible downgrade in the not-too-distant future.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.