Fitch Group, Standard and Poor, and Moody’s were the top rating agencies that visited Saipan last week to meet with the Saipan casino, Imperial Pacific International (CNMI) LLC, and also held meetings with casino regulators, Saipan Tribune learned.
Regulators were asked last week to meet with these rating agencies, which are seen as the “Big 3” most powerful credit agencies in the world, in private over financial matters.
The very fact that the agencies were on island and meeting with the casino may have posed a sensitive issue for the Hong Kong Stock Market, Saipan Tribune learned, because the casino company is required to report such activity to the market.
Whether the casino did or did not, they asked regulators to not divulge the rating agencies’ presence on island.
However, the Saipan Casino Commission could not meet unless they announced they were meeting, per CNMI law.