S&P: Riviera Holdings on watch developing

Standard & Poor's said it placed its ratings on Riviera Holdings Corp., including its B corporate credit rating and senior secured debt rating, on CreditWatch developing.

S&P said the CreditWatch listing follows the company's announcement that it has requested its financial advisor, Jeffries Company Inc., to explore strategic alternatives to maximize shareholder value.

In resolving its CreditWatch listing, S&P said it will continue to monitor developments associated with the company's pursuit of alternatives to maximize shareholder value.

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