The economy continues to affect Connecticut's two federally recognized tribes and their casinos.
Moody's Investors Service downgraded the credit ratings for the Mashantucket Pequot Tribal Nation, owners of Foxwoods Resort Casino and MGM at Foxwoods. The tribe's ratings outlook is "negative," The New London Day reported.
The Mohegan Tribe, owners of Mohegan Sun also saw a downgrade in its ratings. The outlook too was "negative."
Both tribes have seen double-digit declines in slot machine revenues over the past year.
Get the Story:Moody's downgrades casinos' credit ratings (The New London Day 5/2)
MGM's troubles aren't rubbing off on Foxwoods (The Norwich Bulletin 5/4)