Forest City Enterprises, the Nets' single largest stockholder at 23%, saw its own stock crumble this week, with one rating agency dropping its credit rating even after the IRS agreed to permit tax-free financing for the Nets new arena. Standard & Poor's, noting FCE has already sunk $250 million into Bruce Ratner's Atlantic Yards--and the Nets, said it was "particularly concerned" about the project's viability.

• Forest City Downgraded; Analysts "Particularly Concerned" About Atlantic Yards - Eliot Brown - New York Observer
• As Forest City's stock price drops another 40%, rating agency expresses concern, including about AY - Norman Oder - Atlantic Yards Report