The Nets can market $500 million in arena construction bonds with an "investment grade" rating. The bonds had to be "investment grade" or they wouldn't qualify as tax exempt. Moody's, the ratings agency, rated the bonds just above "junk" but cited Mikhail Prokhorov's commitment to pay the team's debts and sponsorship revenue as positives. The rating is the same given Yankee Stadium and CitiField.
- Atlantic Yards Debt Gets Rated - Ted Phillips - The Bond Buyer
- N.J. Nets arena bonds rated 'investment grade' -- barely - John Brennan - The Record
- Moody's gives $500M in Nets bonds thumbs up - Theresa Agovino - Crain's New York Business
- Nets Arena Wins Needed Bond Rating, Mostly - Eliot Brown - New York Observer
- Nets arena bonds squeak through - Neil deMause - Field of Schemes
- Tax-exempt bonds rated just above junk, down to $500 million; arena cost confirmed at more than $1 billion - Norman Oder - Atlantic Yards Report
- Court of Appeals denies appeal in EIS case - Norman Oder - Atlantic Yards Report
- Atlantic Yards scrapes by, with a little (OK, a lot of) help from Gotham - Nicole Gelinas - NY Fiscal Watch
- Near-Junk Bonds, Valuable Stamps - Andy Newman - New York Times Local Blog
- New Nets Arena Wins Another Court Challenge - Charles V. Bagli - New York Times