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Bulletin: Rating On Museum Of Modern Art, NY Unaffected By Possible Purchase Of The American Folk Art Museum Building
Standard & Poors, May 2011
Abstract
NEW YORK (Standard & Poor's) May 16, 2011--Standard & Poor's Ratings Services said today that its rating on the Museum of Modern Art, N.Y. (MoMA; AA-/Stable) will not likely be affected if the museum successfully closes on its agreement to purchase the American Folk Art Museum building and property. Standard & Poor's believes the expected purchase price, although undisclosed, and subsequent impact on the credit strength of MoMA would be minimal. For more information on MoMA, please see the full analysis published March 29, 2011, on RatingsDirect on the Global Credit Portal....
Companies mentioned in this report are: Museum of Modern Art
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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