Moody's rates Mashantucket loans Caa1

Moody's Investors Service said it assigned a Caa1 rating to Mashantucket (Western) Pequot Tribe, Conn.'s secured term loan B due February 2022.

“The rating assignment follows the company's recent maturity extension on the term loan to February 2022 from February 2021. Moody's views the extension as a continuation of a previous limited default resulting from the company entering into an earlier agreement with its bank lenders to extend the maturity of its term loan B to Feb. 16, 2021 from Dec. 31, 2020,” Moody’s said in a news release.

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