Moody's affirms Great Canadian Gaming

Moody's Investors Service said it affirmed all ratings of Great Canadian Gaming Corp., including its Ba3 corporate family rating and probability of default rating, Ba2 rating of the senior secured credit facilities and B2 rating of the senior subordinated notes due 2015.

The outlook is stable.

"The rating affirmation reflects that Great Canadian's performance remains in line with its expectation despite the continued topline pressure due to weakened gaming demand in Canada," commented Moody's analyst John Zhao.

The ratings continue to consider the company's leading market position, eligibility for capital spending reimbursement programs in British Columbia and Nova Scotia, and substantial barriers to entry in the regulated Canadian gaming markets, the agency said.

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