Moody's affirms OpBiz

Moody's Investors Service said it affirmed OpBiz, LLC's B3 corporate family rating, B3 senior secured note rating and SGL-3 speculative grade liquidity rating.

The outlook is stable.

Moody's said the ratings take into account that debt service is entirely dependent on cash flow generated by a relatively small, single gaming facility that emerged from Chapter 11 bankruptcy in September 2004.

It also considers the risk associated with the renovation and re-branding which will convert the Aladdin into the Planet Hollywood Resort and Casino.

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