Moody’s Investors Service has downgraded to Baa1 from A3 the New Jersey Casino Reinvestment Development Authority’s $75 million of Series 2004 hotel room fee revenue bonds.

The bonds are secured by a senior lien on a $3 nightly fee imposed on each occupied hotel room — paid and complimentary — in the 12 Atlantic City casinos.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.