Moody's: Gaming Invest B2-PD PDR

Moody's Investors Service said it assigned a B2-PD probability of default rating to Gaming Invest Sarl, the parent holding company of Sisal Holding Istituto di Pagamento SpA.

Concurrently, Moody's removed the provisional rating designations assigned to the B2 corporate family rating of Gaming Invest and the B1 rating of the €275 million senior secured notes issued by Sisal.

The provisional rating designations were assigned pending the execution of a proposed refinancing transaction that would result in the maturity extension of some of Sisal's senior secured credit facilities, which Moody's understands has now finalized.

The outlook remains stable.

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