17.06.2013 17:47:00
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Seneca Gaming Corporation -- Moody's places Seneca Gaming's ratings under review for upgrade
New York, June 17, 2013 -- Moody's Investors Service placed Seneca Gaming Corporation's ("SGC") ratings, including its B2 Corporate Family and B2-PD Probability of Default ratings under review for possible upgrade following the recent announcement that the Seneca Nation of Indians ("Nation") reached a settlement with the state of New York regarding approximately $560 million of exclusivity fee payments and $71 million of regulatory reimbursements that the Nation has withheld from the State of New York.