S&P: Majestic Star Casino on watch

Standard & Poor's said it placed its ratings on Majestic Star Casino LLC and its subsidiaries, including the B+ corporate credit rating, on CreditWatch with negative implications.

Affected ratings include the company's senior secured bank loan at BB, senior secured notes at BB- and senior unsecured notes at B- as well as Majestic Star HoldCo's senior unsecured notes at B-.

In resolving its CreditWatch listings, S&P said it will review the company's pro forma capital structure given weaker year-to-date performance, management's near- and longer-term growth objectives, integration plans and overall financial policy.

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