Fitch revises Seminole view to negative

Fitch Ratings said it revised the outlooks for Seminole Tribe of Florida, Seminole Hard Rock Entertainment, Inc. and Seminole Hard Rock International, LLC to negative from stable.

“Seminole’s outlook revision to negative reflects the tribe’s exposure to the adverse impact to the gaming industry from the coronavirus pandemic and, to a lesser extent, the broader restaurant and leisure industries. All of the tribe’s casinos are currently closed with uncertain timelines for openings or normalization of gaming demand,” Fitch said in a press release.

Fitch affirmed all of the entities’ ratings and senior secured debt.

© 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.