Revel casino's credit ratings lowered by Moody's

27 August 2012

The Philadelphia Inquirer reports that Moody's Investors Service has lowered the credit ratings of Revel Casino Resort to Caa2 from Caa1 and its senior secured revolver and term-loan ratings to Caa1 from B3.

The Inquirer report states that the announcement came two days after the operator of Revel in Atlantic City said ti was seeking up to $100 million in additional financing.

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