Mohegan Tribal Gaming Authority: What's Behind Standard & P

Standard & Poor's recently lowered its issuer credit rating on Mohegan Tribal Gaming Authority to 'CC' from 'CCC' following the Authority's recently announced comprehensive debt refinancing plan. What's more, the rating remains on CreditWatch with negative implications. In this CreditMatters TV segment, Associate Director Melissa Long explains why we view the plan as a restructuring, the next steps when applying our exchange criteria, and what could lie ahead.

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