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Moody’s downgrades Mohegan Sun parent
Mohegan Tribal Gaming Authority, the owner and operator of the Mohegan Sun casino in Connecticut, received its second downgrade in six months from Moody's Investors Service.
The new corporate peg is down two steps to B1, while the senior subordinated notes are three spaces lower at B3.
The new Moody's rating is one grade below the downgrade issued last week by Standard & Poor's.
The tribal authority also operates a slot machine and harness racing facility called Mohegan Sun at Pocono Downs in Pennsylvania.
