The upper chamber also wanted to allow the Seminoles to offer craps and roulette, in exchange a commercial casino resort to be built in either Broward or Miami-Dade Counties. Moody’s and Fitch believes the tribe’s continuing to pay out gaming revenue could play into its favor during upcoming compact negotiations.<\/p>\n
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Bonds Explained<\/b><\/p>\n
A bond is a debt investment issued by companies to investors who lend the entities money. They are different from stocks, in that the lender isn’t acquiring ownership in the borrower’s business.<\/p>\n
The issuing of bonds takes place when a company needs to raise money.\u00a0<\/strong>Bonds are often seen as fixed-income securities, as the companies issuing them agree to pay either a variable or fixed interest rate to lenders.\u00a0<\/strong><\/p>\nThe interest rate is determined by how long the lending period is, the number of annual payments to the lender, and most importantly, the credit quality of the bonds, namely, the risk associated with the loan.<\/p>\n
Moody’s and Fitch reducing the long-term risk for the Seminole Tribe’s bonds means interest rates will slightly diminish, and on $2.4 billion, that equates to millions of dollars saved.\u00a0 \u00a0<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"The Seminoles of Florida are going to save a lot of money in the coming months, after bond and credit rating services Moody’s and Fitch both upgraded the tribe’s bank debt and bond credit ratings. Moody’s Investment Services upgraded the Florida tribe’s existing term debt and bonds rating to Baa2, and its Special Obligation Bonds […]<\/p>\n","protected":false},"author":42,"featured_media":52733,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\n
Seminole Tribe's Bond Credit Rating Upgraded by Moody's, Fitch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n