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Debt Rating Raised on Trump Hotels7 December 2001NEW YORK – Dec. 7, 2001 –As reported by the New York Times: "The debt rating of Trump Hotels and Casino Resorts was raised by Standard & Poor's yesterday after Trump, a casino company, made a $91 million payment to bondholders before a grace period expired. "S.& P., the credit rating company, raised the corporate credit rating and senior secured debt rating on Trump — which is based in Atlantic City and is led by Donald J. Trump — two notches, to CC from D. "S.& P. cut the ratings Nov. 2 after Trump Hotels failed to make the interest payments that were due the day before…" |