Pegasus World Cup made a Grade 1 race

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12:29 PM ET

The Pegasus World Cup, the planned $12 million race announced this year by The Stronach Group, has been assigned a Grade 1 rating for 2017 by the committee that assigns grades to U.S. stakes races, the committee announced on Friday.

The American Graded Stakes Committee of the Thoroughbred Owners and Breeders Association voted to assign the highest rating in the U.S. to the race after noting that the Pegasus is expected to replace the Grade 1 Donn Handicap at Gulfstream Park in Hallandale, Fla., on the U.S. racing calendar.

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