The Mohegan Tribe of Connecticut owes $1.6 billion in gaming related debt, according to Moody's Investors Service.
The Mohegan Tribal Gaming Authority owes $675 million on a line of credit and $250 million on bonds. Both types of debt are due next year and the tribe has not refinanced, Moody's said.
"Both of these debt obligations are considered to be current," Moody's said in downgrading the tribe's credit rating, The New London Day reported.
Get the Story:
Moody's lowers debt rating of Mohegan Tribal authority
(The New London Day 5/10)
Mohegan Sun downgraded on debt concerns (AP 5/9)
Connecticut
Mohegan Tribe reportedly owes $1.6B in casino related debt
Tuesday, May 10, 2011
Stay Connected
Contact Us
indianz@indianz.com202 630 8439 (THEZ)
Search
Top Indian Gaming Stories
Trending in Gaming
1 Catawba Nation continues work on controversial casino in North Carolina
2 Cheyenne and Arapaho Tribes move forward with casino expansion
3 Poarch Band of Creek Indians said to be on Trump's radar
4 Hopi Tribe officially joins Indian gaming industry with approved compact
5 Seminole Tribe paid just $50M for casino Donald Trump built for $1.2B
2 Cheyenne and Arapaho Tribes move forward with casino expansion
3 Poarch Band of Creek Indians said to be on Trump's radar
4 Hopi Tribe officially joins Indian gaming industry with approved compact
5 Seminole Tribe paid just $50M for casino Donald Trump built for $1.2B
More Stories
• Crow Tribe set to debut upgraded gaming facility this Friday• Sheriff who was denied gaming funds questions tribal police
Indian Gaming Archive