Downstream Progress Authority — Moody’s withdraws rankings for Downstream Enhancement Authority following private debt compensation

Downstream Progress Authority — Moody’s withdraws rankings for Downstream Enhancement Authority following private debt compensation

Rating Motion: Moody’s withdraws rankings for Downstream Progress Authority pursuing private debt repaymentGlobal Credit score

Rating Motion: Moody’s withdraws rankings for Downstream Progress Authority pursuing private debt repaymentGlobal Credit score historical past Evaluation – 18 Jan 2022New York, January 18, 2022 — Moody’s Consumers Providers (“Moody’s”) has withdrawn Downstream Enhancement Authority’s (“DDA” “Downstream”) rankings along with the Caa1 Firm Household Rating (CFR) and the Caa1-PD likelihood of default ranking (PDR). The regular outlook has additionally been withdrawn. The ranking movement follows the complete reimbursement and cancellation of the notes.Withdrawals:..Issuer: Downstream Enchancment Authority…. Company Partner and youngsters Rating, Withdrawn, earlier rated Caa1…. Likelihood of Default Score, Withdrawn, beforehand rated Caa1-PDOutlook Actions:..Issuer: Downstream Progress Authority….Outlook, Modified To Rating Withdrawn From StableRATING RATIONALEMoody’s has withdrawn the rankings given that Downstream Enchancment Authority’s bank card debt beforehand rated by Moody’s has been completely repaid adhering to a refinancing transaction. Be sure to confer with the Moody’s Traders Help Coverage for Withdrawal of Credit score rating Scores, accessible on its web website, www.moodys.com.DDA is a completely owned unincorporated instrumentality of the Quapaw Tribe of Oklahoma, a federally acknowledged Indigenous American tribe with round 4,900 enrolled clients. Downstream owns and operates the Downstream On line on line casino Resort, a Native American on line on line casino discovered on the concern the place the state borders for Kansas, Missouri and Oklahoma fulfill — its on line on line casino is in Oklahoma and portion of its parking nice deal is positioned in Kansas. Earnings for the 12 months ended 30-Jun-2021 was roughly $190 million.REGULATORY DISCLOSURESFor any troubled securities or rated entities receiving direct credit score assist from the important thing entity(ies) of this credit standing ranking movement, and whose rankings might maybe alter as a ultimate results of this credit standing rating movement, the associated regulatory disclosures will probably be people of the guarantor entity. Exceptions to this technique exist for the adhering to disclosures, if relevant to jurisdiction: Ancillary Services, Disclosure to rated entity, Disclosure from rated entity.The rankings have been disclosed to the rated entity or its designated agent(s) and issued with no modification ensuing from that disclosure.These scores are solicited. Please confer with Moody’s Plan for Designating and Assigning Unsolicited Credit score historical past Scores accessible on its net web page www.moodys.com.Regulatory disclosures contained on this press launch make the most of to the credit standing rating and, if related, the associated rating outlook or rating evaluation.Moody’s regular ideas for evaluating environmental, social and governance (ESG) risks in our credit standing evaluation might be recognized at http://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1288235.The Worldwide Scale Credit standing Rating on this Credit score Rating Announcement was issued by one in all Moody’s affiliate entrepreneurs open air the EU and is endorsed by Moody’s Deutschland GmbH, An der Welle 5, Frankfurt am Main 60322, Germany, in accordance with Paintings.4 paragraph 3 of the Regulation (EC) No 1060/2009 on Credit standing Rating Companies. Even additional particulars on the EU endorsement standing and on the Moody’s enterprise that issued the credit score historical past rating is obtainable on www.moodys.com.The World Scale Credit score Rating on this Credit standing Rating Announcement was issued by simply one in all Moody’s associates open air the British isles and is endorsed by Moody’s Merchants Firm Constrained, One specific Canada Sq., Canary Wharf, London E14 5FA beneath the laws relevant to credit standing rating organizations within the British isles. Additional extra info on the Uk endorsement standing and on the Moody’s office that issued the credit score rating rating is obtainable on www.moodys.com.Please see www.moodys.com for any updates on enhancements to the lead rating analyst and to the Moody’s authorized entity that has issued the ranking.Be sure to see the rankings tab on the issuer/entity net web page on www.moodys.com for supplemental regulatory disclosures for every particular person credit score historical past rating. Keith Foley Senior Vice President Company Finance Workforce Moody’s Consumers Service, Inc. 250 Greenwich Street New York, NY 10007 U.S.A. JOURNALISTS: 1 212 553 0376 Shopper Help: 1 212 553 1653 John E. Puchalla, CFA Affiliate Caring for Director Company Finance Group JOURNALISTS: 1 212 553 0376 Consumer Supplier: 1 212 553 1653 Releasing Enterprise workplace: Moody’s Traders Service, Inc. 250 Greenwich Avenue New York, NY 10007 U.S.A. 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