S&P boosts GameStop

Standard & Poor's said it raised its corporate credit and senior unsecured debt ratings on GameStop Corp. to BB- from B+.

At the same time, the ratings on the $475 million fixed-rate and the $475 million floating-rate notes were also changed to BB-, the agency said, adding that the rating change is based on the company's successful integration of EB Games, strengthened cash flow protection measures and continued debt reduction.

The outlook is positive.

According to S&P, the ratings on GameStop reflect its participation in the highly competitive video game and PC entertainment software industry, the cyclical and seasonal nature of the industry and the company's aggressive capital structure with fair credit protection measures.

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