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)
