San Manuel Bonds Rating Upgraded As reported by the California Press-Enterprise: "New York bond-rating service released a glowing financial report Thursday on the San Manuel Band of Mission Indians, which sold $265 million in bonds in late 2004 to help pay for its new casino near Highland. "Fitch Ratings also upgraded its rating of the bonds from A- to A, which reflects the tribe's 'impressive improvement in financial margins,' according to the report. "…'An A-rating on a tribal bond with casino backing is pretty high,' said Fitch analyst Jessalynn Moro, who helped write the report. "…A higher rating means the bond is a more secure investment, but it also produces a lower interest rate for investors…" | 
