11 announcement that it was attempting to re-negotiate the payment of its $122 million in senior unsecured notes - which were originally issued in 2006 to support the construction of the Odawa Casino Resort - and would therefore be suspending its $6.3 million in interest payments due Aug. Standard & Poor’s - an independent global provider of credit ratings - has reduced the Little Traverse Bay Bands of Odawa Indians’ credit rating twice in one week.įollowing the tribe’s Aug.
From the P etoskey News-Review (H/T Junior also Indianz):
