Fitch rates Aristocrat loans BBB-

Fitch Ratings said it gave a BBB- rating to Aristocrat's announced new senior secured revolver, term loan A, and term loan B. Fitch also affirmed the long-term issuer default ratings for Aristocrat Leisure Ltd., parent and guarantor, Aristocrat International Pty Ltd. and co-borrowers on the credit agreement Aristocrat Technologies Australia Pty Ltd., Aristocrat Technologies, Inc., and Video Gaming Technologies, Inc. at BBB- (collectively ALL). Aristocrat Technologies, and Aristocrat Technologies Australia Pty are the borrowers on the new facilities.

The new credit facility will refinance ALL's credit facility, which is rated BBB-, and the transaction is leverage neutral, Fitch said.

The outlook is stable.

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