On Nov. 30, 2007, Standard&Poor's Ratings Services assigned its 'BB-' issuer credit rating to PCI Gaming Authority (PCI). The rating outlook is stable. PCI is an unincorporated instrumentality of the Alabama-based Poarch Band of Creek Indians ("the tribe"). At the same time, Standard&Poor's assigned its 'BB-' rating to PCI's $185 million senior secured multi-draw term loan. The facility will be guaranteed by Creek Indian Enterprises Development Authority (CIE), a political subdivision of the tribe that owns the Tallapoosa Entertainment Center (TEC). Proceeds from the issue, along with cash flows from existing properties, will be used to help fund the development and construction of the Wind Creek Atmore Casino and Hotel, which will replace the tribe's existing
