Moody's may cut Mountain Gods

Moody's Investors Service said it placed the ratings of Inn of the Mountain Gods Resort and Casino on review for possible downgrade in response to the company's announcement that it was not able to file its July 31, 2005 10-Q by the Sept. 30 filing date.

The ratings under review include the B3 rated $200 million 12% senior unsecured notes due 2010 and a B3 corporate family rating.

Inn of the Mountain Gods recently filed form NT 10-Q, noting it has not been able to compile the required financial data and other narrative information necessary to enable it to have sufficient time to complete its form 10-Q by the required filing date without unreasonable effort and expense, Moody's said.

If the resort and casino is unable to deliver its July 31, 2005 10-Q within 60 days, it will be in default under its bond indenture, Moody's said.

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