MGM Mirage, Mandalay Debt Rating Cut

27 Apr 2005

NEW YORK – As reported by Reuters: "Fitch Ratings on Tuesday cut its ratings on casino operators MGM Mirage (MGG.N) and Mandalay Resort Group deeper into junk territory, citing MGM Mirage's acquisition of Mandalay.

…Fitch cut the senior notes rating on MGM Mirage and the senior unsecured notes rating on Mandalay by one notch to 'BB,' the second-highest junk rating, from 'BB-plus.'…"

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	MGM Mirage, Mandalay Debt Rating Cut 27 Apr 2005 NEW YORK – As reported by Reuters: "Fitch Ratings on Tuesday cut its ratings on casino operators MGM Mirage (MGG.N) and Mandalay Resort Group deeper into junk territory, citing MGM Mirage's acquisition of Mandalay. …Fitch cut the senior notes rating on MGM Mirage and the senior unsecured notes rating on Mandalay by one notch to 'BB,' the second-highest junk rating, from 'BB-plus.'…"