Mohegan Tribe sees downgrade in outlook rating

Friday, May 9, 2008  

After reporting another dip in gaming revenues, the Mohegan Tribe of Connecticut saw the outlook rating of its gaming operations downgraded by Standard & Poor's.

S&P downgraded the Mohegan Tribal Gaming Authority's outlook from stable to negative. But the tribe's credit rating stayed the same at "BB-."

Gaming officials said they weren't surprised by the move. On Wednesday, the tribe reported a $10.3 million year-to-year loss in revenues at the Mohegan Sun Casino.

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Mohegan Sun officials say downgrade of outlook rating came as no surprise (The New London Day 5/9)
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