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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

Peru Gaming Show 2025

18 de June 2025

PGS 2025 exceeds all expectations with record attendance and strong support from public and exhibitors

(Lima, SoloAzar Exclusive).- The latest edition of Peru Gaming Show established itself as a key event in the Latin American gaming industry, with more than 5,000 daily attendees from 40 countries and a vibrant exhibition hall. Strategic conferences and high-level networking rounded out this historic edition. SoloAzar shares all the details in this interview with Joe López, CEO of AMG, the event organizer.

Wednesday 02 Jul 2025 / 12:00

PGS 2025 : Win Systems shines with Gold Club Colors and strengthens its leadership in casino solutions

(Barcelona).- Win Systems, a leading provider of technology for the gaming and entertainment industry, wrapped up a highly successful participation at the Peru Gaming Show 2025 (PGS).

Wednesday 02 Jul 2025 / 12:00

Amatic Returns to Peru with a Bang: New Jackpot Games and Bold Expansion at PGS 2025

(Lima, SoloAzar Exclusive).- After an eight-year hiatus, Amatic made a powerful comeback at the Peru Gaming Show 2025, unveiling its latest multigame titles and the thrilling ‘Lucky Link’ jackpot series. The company is betting big on Peru’s dynamic gaming scene. Read about the strong reception and big plans for LatAm growth in this interview with Lawrence Levy, Amatic Commercial Director for the Americas.

Wednesday 02 Jul 2025 / 12:00

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