Fitch Affirms Quechan Tribe's IDR at 'B-'; Outlook Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed Quechan Indian Tribe's (Quechan; the tribe) Issuer Default Rating (IDR) at 'B-'. In addition, Fitch upgraded Quechan's approximately $30 million in outstanding tribal economic development bonds (TED bonds) due 2025 to 'B+/RR2' from 'B/RR3'. Fitch has also affirmed Quechan's $30 million in governmental project bonds [general obligation (GO) bonds] at 'B-/RR4'. The Rating Outlook is Stable. The tribe also has a credit facility that ranks pari

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