REVEL GETS DOWNGRADED BY CREDIT AGENCY

More bad news for Atlantic City’s newest casino. Revel had its credit rating downgraded by Standard and Poor’s to a “D”. The new rating is the lowest a corporation can receive. Revel is not making its most recent interest payment, which led to the downgrade. Revel announced its plans to go through a Chapter 11 bankruptcy protection this week. The casino is strapped with $1.5 billion on debt.

Check Also

NEW JERSEY REPORTS 3,347 NEW CASES OF CORONAVIRUS ON FRIDAY

New Jersey is reporting 3,347 new cases of coronavirus on Friday.  There are also 35 …

Leave a Reply

Your email address will not be published. Required fields are marked *