DALLAS – Glendale, Ariz.’s decision to lease its Jobing.com Arena to a proposed new owner of the Phoenix Coyotes National Hockey League team adds a negative factor to the city’s tumbling bond rating, Moody’s Investors Service reported Monday.

With a negative outlook already in place on the city’s A2 rating, the Moody’s opinion demonstrated the risk involved in creating public debt for private sports franchises.

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