Baa2 applies to $66M revenue bonds outstanding; outlook remains negativeNew York, June 03, 2014 -- Moody's Investors Service has downgraded to Baa2 from Baa1 the rating on Casino Reinvestment Development Authority's (NJ) (or CRDA) $66 millionHotel Fee Revenue Bonds outstanding, Series 2004. The outlook remains negative. The bonds are secured by a senior lien on a $3 fee imposed on each occupied hotel room (paid and complimentary) each night in Atlantic City casinos.
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