S&P: Inn of the Mountain Gods on positive watch

Standard & Poor's said it placed its ratings on Inn of the Mountain Gods Resort and Casino, including the B- corporate credit rating, on CreditWatch with positive implications.

The CreditWatch listing reflects meaningful improvements in the company's operating results and credit measures over the past three consecutive quarters, the agency said.

In particular, S&P highlighted that Inn of the Mountain Gods has experienced year-over-year EBITDA growth in each of the first three quarters in the fiscal year ended April 30, principally due to margin improvement associated with reduced operating costs.

Affected ratings also include the company's senior unsecured at B-.

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