Debt woes pile up for the Met
mainThe credit rating of the Metropolitan Opera was downgraded last night after a year of conflict and losses. The ratings firm Moody’s gave it a negative outlook. That will make it harder for the Met to borrow money on, for instance, pay day.
The Met operating deficit hit $22 million last July, up from $2.8 million the previous year. They must be doing something wrong. Read here. Even tougher here.
Then be warmly reassured that they’re doing everything right, here.
Someone’s not facing up to hard truths.
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