Fitch Assigns Initial ‘B’ IDR to Marina District Finance Co. Inc.; Rates Secured Notes ‘BB-/RR2′
NEW YORK–(BUSINESS WIRE)–Fitch Ratings has assigned initial ratings to Marina District Finance Company, Inc. (MDFC) as follows: –Issuer Default Rating (IDR) ‘B’; –Senior secured credit facility ‘BB/RR1′; –Senior secured first-lien notes ‘BB-/RR2′. The Rating Outlook is Stable. MDFC is the issuing subsidiary of the entity that owns the Borgata resort casino in Atlantic City, New Jersey. MDFC …