Moody's Investors Service has downgraded the credit ratings of the debt held by two Connecticut tribal casinos.
The Mohegan Tribal Gaming Authority's corporate family rating and the rating on over $1 billion in debt were both downgraded. Another $1 billion in debt held by the Mashantucket Pequot Tribal Nation was also downgraded.
Both tribes have seen a drop in slot machine revenues in the past year. Both embarked on high-profile, expensive casino expansion projects.
Get the Story:
Moody's downgrades Native American casino debt
(AP 11/19)
Advertisement
Tags
Search
More Headlines
Catawba Nation continues work on controversial casino in North Carolina
Gaming initiatives backed by tribal corporation faces uncertain future
Chuck Hoskin: Renewed gaming compacts ensure a brighter future for Oklahoma
Republican governor suffers another setback in dealings with tribes in Oklahoma
Cronkite News: Gila River hotels, casinos close for two weeks after worker death
Cronkite News: Curfew curtailing casinos? Don’t bet on it, owners say
'We are thrilled': Flandreau Santee Sioux Tribe hails victory for sovereignty
Tribes sue Trump administration after being excluded from coronavirus relief program
Donovan White: Standing up for Native Americans and Native American jobs
'Finally': Tribal gaming in line for coronavirus relief amid stiff competition for resources
Oregon tribes’ primary engines – casinos – stalled by COVID-19
Gaming initiatives backed by tribal corporation faces uncertain future
Chuck Hoskin: Renewed gaming compacts ensure a brighter future for Oklahoma
Republican governor suffers another setback in dealings with tribes in Oklahoma
Cronkite News: Gila River hotels, casinos close for two weeks after worker death
Cronkite News: Curfew curtailing casinos? Don’t bet on it, owners say
'We are thrilled': Flandreau Santee Sioux Tribe hails victory for sovereignty
Tribes sue Trump administration after being excluded from coronavirus relief program
Donovan White: Standing up for Native Americans and Native American jobs
'Finally': Tribal gaming in line for coronavirus relief amid stiff competition for resources
Oregon tribes’ primary engines – casinos – stalled by COVID-19
Indian Gaming Archive