NEW YORK—Moodys Investors Service assigned a B2 rating to Sun International Hotels Limiteds new $200 million senior subordinated notes due 2011. The notes are an add-on to the existing $200 million 8.875% senior subordinated notes due 2011. Proceeds from the notes will be used to redeem the outstanding $200 million 9% senior subordinated debt due 2007. Moodys also confirmed the existing ratings and revised the companys ratings outlook to stable from negative. SOURCE: Reuters
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