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Fitch Revises Quechan's Outlook to Negative; Affirms 'B' IDR

April 15, 2020
Filed under: Fitch, IDR, QUECHAN INDIAN TRIBE

Fitch Ratings - New York - 15 Apr 2020:Fitch Ratings has affirmed the Quechan Indian Tribe's (Quechan) Issuer Default Rating (IDR) at 'B'. In addition, Fitch has affirmed Quechan's tribal economic development bonds (TED bonds) at 'BB-'/'RR2'. The Rating Outlook is Negative.

The Rating Outlook revision to Negative from Positive reflects the uncertainty related to the operating pressures resulting from the coronavirus pandemic and the greater probability of a downgrade in the near term.

Complete article: Fitch Revises Quechan's Outlook to Negative; Affirms 'B' IDR

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