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Moody's considers downgrade of Seminole Tribe bonds

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Moody's Investors Service is reviewing the Seminole Tribe of Florida's ratings on six gaming division and taxable and tax-exempt special obligations bonds for possible downgrade, the ratings service said. The review announced Monday is in response to the National Indian Gaming Commission alleging last week that the tribe is in violation of certain regulations and ordinances because it used revenue from gaming operations for purposes that are not permitted.