Shrewd of David Bowie to sell bonds in 1997 securitized by the future earnings of his copyrights.  Moody’s, the credit rating agency, (not James Moody, who composed Moody’s Mood For Love), has downgraded these “Bowie Bonds” to Baa3, one notch above junk, because the future for copyright earnings isn’t what it was..

Not quite sure what this reference to Bowie Bonds is about.

David Bowie discography here.

Mott the Hoople discography here.

WIPO links on the use of intellectual property for financing here.