Moody changes Scientific Games outlook to stable

Ratings agency Moody’s Investor Service on Friday affirmed Scientific Games’ B3 Corporate Family Racing, B3-PD Probability of Default Rating and changed its outlook from negative to stable.

“The change in outlook to stable from negative reflects the recovery in the company’s gaming operations as the number of gaming facilities open has favorably increased revenue and operating income for the company, following the Q2 2020 closures,” said Moody’s in a note. 

However, whilst improvement is expected in 2021, Moody’s expects gaming activity will remain below pre-pandemic levels until at least 2022 with leverage remaining elevated. 

Moody’s affirms Scientific Games International’s B3 CFR, changes outlook to stable from negative (Moody’s)

Felix is the Asia Editor and Events Director of the Asia Gaming Brief. He has over a decade of experience developing conferences for industries including gaming, telecoms, investment, biotechnology, and mining. He has developed some of the most well-known conferences for the Asian gaming industry, most recently being the ASEAN Gaming Summit, the Australasian Gaming Seminars, and the Mekong Gaming Summit. Felix covers gaming technology and innovation and is passionate about developing engaging and eye-catching content for the industry.