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Fitch Ratings likes Seminoles

Fitch Ratings likes Seminoles

 Here is the press release from Fitch Ratings, documenting their upgrade of the Seminole Tribe of Florida.  Fitch Ratings assigns a 'BBB' rating to Seminole Tribe of Florida's (STOF) proposed $395 million incremental term loan B. Fitch also upgrades STOF's Issuer Default Rating (IDR) to 'BBB-' from 'BB+', the gaming division's parity debt to 'BBB' from 'BBB-' and the tribe's special obligation bonds to 'BBB-' from 'BB+'. The Rating Outlook is revised to Stable from Positive. The proposed term loan will be pari passu with STOF's existing term loan and gaming enterprise revenue bonds...

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