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Showboat, unit on S&P CreditWatch, negative. (Standard and Poor's)
PR Newswire
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December 28, 1987
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COPYRIGHT 1987 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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/S&P CREDITWIRE/
SHOWBOAT, UNIT ON S&P CREDITWATCH, NEGATIVE NEW YORK, Dec. 28 /PRNewswire/ -- Showboat Inc.'s $30 million of single-'B'-minus rated subordinated debt and Ocean Showboat Finance Corp.'s $180 million single-'B'-plus senior secured debt are placed on S&P CreditWatch with negative implications following the purchase of 7.3 percent of Showboat Inc.'s common stock by an investor group led by unrated Sahara Casino Partners, Ltd.
Ocean Showboat Finance Corp., and Ocean Showboat Corp., which operates the Showboat Hotel & Casino in Atlantic ...
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