CHICAGO - Moody's Investors Service this week downgraded to Ca from Caa2 its rating on $98 million of St. Louis convention center hotel bonds, saying bondholders who now own the hotel will likely take a loss on their investment.

The hotel complex - made up of the Renaissance Grand Hotel and Suites Hotel - continues to perform poorly in the current economy, and it is unclear how much bondholders would recoup if they to sell the facilities.

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