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S&P cuts Trump Entertainment's corporate rating
Standard & Poor's Ratings Services said Monday it slashed its corporate credit rating on Trump Entertainment Resorts Holdings LP to indicate a default after the casino operator said it would not make an interest payment on its senior secured notes. |
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Magna Entertainment to reorganize
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Herald-Leader Staff Report Magna Entertainment announced on Wednesday a reorganization to recapitalize the racetrack company and spin it off to an ownership group headed by Magna chairman and chief executive Frank Stronach. The reorganization would be subject to the approval of shareholders and Canadian regulators. Magna also announced that it has extended a $40 million loan, ... |
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S&P cuts Trump Entertainment's debt rating, citing missed payment
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Standard & Poor's Ratings Services today said it slashed its corporate credit rating on Trump Entertainment Resorts Holdings to indicate a default after the casino operator said it would not make an interest payment on its senior secured notes.Mel The... |
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