Scientific Games (SGMS) Q4 Revenue Tops Views
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S&P Lowers Outlook on Scientific Games (SGMS) to Negative; Sees Lower Debt-to-EBITDA This Year
February 29, 2016 12:10 PM ESTStandard & Poor's Ratings Services said it revised its rating outlook on Scientific Games Corp. (Nasdaq: SGMS) to negative from stable. At the same time, we affirmed all ratings, including our 'B+' corporate credit rating.
"The outlook revision to negative reflects our expectation that Scientific Games' adjusted debt to EBITDA will be around 7x at the end of 2016, which is the threshold at which we would consider lower ratings," said Standard & Poor's credit analyst Ariel Silverberg.
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