New York, June 11, 2013 -- Moody's Investors Service today assigned a B1 rating to American Casino & Entertainment Properties LLC's ("ACEP") proposed $215 million guaranteed senior secured 1st lien term loan due 2020 and $15 million guaranteed 1st lien senior secured revolver due 2018. Moody's also assigned a Caa2 to the company's proposed $120 million guaranteed senior secured 2nd lien term loan due 2021. In addition, Moody's changed the outlook to developing from negative and lowered the Speculative Grade Liquidity rating to SGL-4 from SGL-3. The company's Corporate Family Rating is B3, the Probability of Default rating is B3-PD and the senior secured notes are rated B3.

Vollständigen Artikel bei Moodys lesen