Moody’s Investors Service revised its outlook on bonds that financed the Mets’ stadium in Queens, N.Y., to negative last week, citing pending litigation.

The trustee representing victims of imprisoned swindler Bernard Madoff is seeking $1 billion from Mets owners Sterling Equities LP, Fred Wilpon, and Saul Katz, alleging they profited from their investments despite warnings of the fraud. Last week, a U.S. bankruptcy judge appointed former Gov. Mario Cuomo to mediate between the parties.

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.