Metropolitan Opera's Credit Rating Downgraded to Speculative Grade

Moody's Investors Service has downgraded the Metropolitan Opera's bond credit rating to Caa1, a speculative grade indicating high credit risk. This rating suggests the institution faces potential default, though it has not yet occurred. The downgrade reflects financial challenges at the New York-based opera company, which could affect its ability to secure future financing. The information was reported by OperaWire in March 2026.