BRADENTON, Fla. — Fitch Ratings on Wednesday downgraded the Seminole Indian Tribe of Florida to below investment grade because of spending irregularities cited in a recent notice of violation by the National Indian Gaming Commission.

The tribe, which does not publicly disclose its financial records, has a combination of municipal and corporate debt outstanding. A tribal spokesperson estimated the Seminoles’ outstanding municipal debt at $534.5 million. Information about its outstanding corporate debt was requested but not released.

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