Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for Mashantucket (Western) Pequot Tribe > News item |
S&P lowers Pequot Tribe
Standard & Poor's said it lowered its issuer credit rating on Mashantucket (Western) Pequot Tribe to CC from CCC-.
The outlook is negative.
"The downgrade reflects our expectation that Mashantucket will be unable to make full and timely interest payments to its junior debt holders on Sept. 30, 2014 because it received a blocking notice from senior lenders," S&P credit analyst Carissa Schreck said in a news release.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.