E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers R > Headlines for Resorts International Hotel & Casino Inc. > News item
Published on 8/21/2006 in the Prospect News Bank Loan Daily, Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

Moody's cuts Resorts International notes to Caa1

Moody's Investors Service said it lowered Resorts International Hotel and Casino's corporate family rating and first mortgage note rating to Caa1 from B2 and assigned a negative outlook.

The downgrade and negative outlook reflect the company's sharp decline in EBITDA during the most recent quarter, tight liquidity position and possibility that the company will not be able to service its Sept. 15 semi-annual interest payment related to the company's 11½% first mortgage notes.


© 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.