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06

Guggenheim Museum Offers Municipal Debt as Art Icon Revamps Site

By Tony Seruga

Moody’s assigns investment grade credit rating to non-profit
Foundation plans to sell $20 million in taxable municial debt

The Solomon R. Guggenheim Foundation is selling $20 million in taxable municipal bonds this month to pay for improvements at the contemporary art museum in New York.

Known as the Guggenheim, the distinctive spiral building designed by architect Frank Lloyd Wright houses modern works. The foundation, which also owns sites in Europe and a forthcoming center in Abu Dhabi, has a collection of more than 8,000 pieces, according to Moody’s Investors Service…

Guggenheim Museum Offers Municipal Debt as Art Icon Revamps Site

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