Moody's: Cannery unaffected

Moody's Investors Service said that Cannery Casino Resorts, Inc.'s Caa1 corporate family rating with a stable outlook is unaffected by the company's announcement that it has extended the expiration of its $70 million revolver to February 2013 from May 2012.

About $42 million is currently outstanding on the revolver.

Moody's said it views the extension of Cannery's revolver expiration as a credit positive, however, the company still faces significant refinancing risk in 2013 and 2014.

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