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Reports & Data

IGT announces BB+ long-term issuer rating from Fitch

Friday 03 de February 2023 / 12:00

2 minutos de lectura

(London).- International Game Technology PLC announced that Fitch Ratings, Inc. ("Fitch") has assigned each of IGT and its subsidiary, IGT Lottery Holdings B.V., a long-term issuer rating of BB+ with a stable rating outlook and a rating of BBB- to their long-term senior secured debt.

IGT announces BB+ long-term issuer rating from Fitch

According to Fitch's published report, the issuer rating reflects IGT's conservative leverage, which improved meaningfully from pre-pandemic levels primarily because of debt reduction funded by proceeds from the sales of non-core businesses and strong free cash flow generation. 

The strong credit profile positions IGT favorably to continue funding slot machine development and shareholder returns and absorb potential future cash demands related to lottery concessions. 

The rating also considers IGT's leading share in core gaming end markets, specifically lottery.

"We are pleased to have achieved, for the first time from Fitch, an issuer rating of BB+ with a stable outlook and an investment grade senior secured debt rating of BBB-," said Max Chiara, CFO of IGT. 

"These ratings recognize our leadership positions across business segments, our history of delivering solid operating and financial results, and our strong credit profile."

Categoría:Reports & Data

Tags: IGT, International Game Technology,

País: United Kingdom

Región: EMEA

Event

ICE Barcelona 2026

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Tuesday 03 Feb 2026 / 12:00

Buenos Aires City Lottery Shines at ICE Barcelona 2026: Strategies Against Illegal Gambling

(Buenos Aires).- Within the framework of World Gaming Week, the Buenos Aires City Lottery took part in ICE Barcelona 2026, standing out for its efforts in the fight against illegal gambling and for promoting cooperation among regulators across Latin America.

Tuesday 03 Feb 2026 / 12:00

Insights from ICE Barcelona 2026: Vanesa Prelec on Timeless Tech’s Strategic Outlook

(Barcelona, SoloAzar Exclusive).- Vanesa Prelec, B2B Marketing Specialist at Timeless Tech, shares her reflections on ICE Barcelona experience, key industry trends for 2026, and the company’s strategic priorities in Latin America.

Tuesday 03 Feb 2026 / 12:00

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