Moody's Cuts Trump Casino Holdings Ratings - 2004-02-13
Moody's Investors Service downgraded the ratings of Trump Atlantic City Associates and Trump Casino Holdings, LLC and kept the ratings on review
for additional potential downgrade after Trump Hotels & Casino Resorts, Inc.'s, the parent of TAC and TCH, announced that it has entered into an exclusivity agreement with DLJ Merchant Banking Partners III, L.P. in connection with DLJMB's proposed $400 million investment, in the form of common equity, to sponsor a comprehensive recapitalization of THCR. DLJMB is an affiliate of Credit Suisse First Boston.
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