Fitch Affirms Pinnacle's IDR at 'B'; ...

Fitch Affirms Pinnacle's IDR at 'B'; Outlook Stable

There are 1 comment on the Business Wire story from Mar 6, 2008, titled Fitch Affirms Pinnacle's IDR at 'B'; Outlook Stable. In it, Business Wire reports that:

Fitch Ratings has affirmed Pinnacle Entertainment's Issuer Default Rating and upgraded PNK's subordinated notes as follows: --Issuer Default Rating affirmed at 'B'; --Bank facility affirmed at 'BB/RR1'; ...

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Since: Feb 08

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#1 Mar 7, 2008
The bottom line is PNK has enough credit to complete the St. Louis River City project without affecting its credit rating. Take on more debt for future projects and it could adversely affect some of its ratings on subordinate notes. So how do they go forward with Sugarcane Bay and Baton Rouge projects? How do they build Kansas project, if selected for it? Forget about ever building in Atlantic City.

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