Fitch Ratings - New York - 13 Apr 2020: Fitch Ratings has affirmed Seminole Tribe of Florida's (STOF) Long-Term Issuer Default Rating (IDR) at 'BBB', and Seminole Hard Rock Entertainment, Inc.'s and Seminole Hard Rock International, LLC's (collectively, SHRE) Long-Term IDRs at 'BBB-'.

In addition, Fitch has affirmed STOF's gaming division's senior secured debt at 'BBB' and SHRE's senior secured debt at 'BBB-'. STOF's and SHRE's IDRs are linked vis-a-vis the tribe's guarantee of SHRE's debt. The Rating Outlooks have been revised to Negative from Stable.

Complete article: Fitch Revises Seminole Tribe's Outlook to Negative; Affirms 'BBB' IDR