Mohegan Tribe seen as high risk for $425M in gaming bonds

Tuesday, August 6, 2013  

Moody's Investors Service has assigned a high-risk rating to gaming-related bonds being offered by the Mohegan Tribe of Connecticut.

The Mohegan Tribal Gaming Authority is issuing $425 million in bonds as part of a restructuring of its debt. Moody's said the offering was a "very high credit risk," according to a press release.

Overall, however, Moody's said the outlook for the MTGA was "stable." The tribe operates Mohegan Sun on its reservation in Connecticut and Mohegan Sun at Pocono Downs, a commercial facility in Pennsylvania.

Get the Story:
Moody's gives high-risk rating to proposed Mohegan bonds (The New London Day 8/6)

Press Release: Moody's rating on Mohegan Tribal Gaming Authority notes (08/02)