Moody's places Yonkers Racing Corporation on review for upgrade; assigns B1 to proposed $260 mil. term loan
Rating Action: Moody's places Yonkers Racing Corporation on review for upgrade; assigns B1 to proposed $260 mil. term loan. Global Credit Research- 12 May 2017. New York, May 12, 2017-- Moody's Investors Service today placed Yonkers Racing Corporation's B2 Corporate Family Rating and B2-PD Probability of Default Rating on review for upgrade in response to the company's announcement that it intends to refinance its first lien and second lien term loans with a new $260 million first...
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