Matt Levine asked this morning whether a LeBron bond could be an investment-grade credit instrument.
I bought the filings. It is one.
KING JAMES FUNDING LLC, CUSIP 49549*-AA-3, $184.3M across Midland National and North American. Designation: 1.E PL.
NAIC 1 is the top tier. PL means private letter rating — no agency named, no analysis disclosed.
YOUR MARK WALTER ANNUITY OWNS A PIECE OF LEBRON JAMES
https://t.co/clWhM2aHp9
JUST IN: Morbidly obese Democrat congressional candidate Katy Padilla Stout @katy4congress is under fire after FEC records show she has spent $4,300 of campaign donations on tacos, cookies, and liquor over the past 4 months.