S&P ups Herbst Gaming view to positive

Standard & Poor's said it revised its outlook on Herbst Gaming Inc. to positive from stable.

At the same time, the agency said it affirmed its ratings on the company, including its B+ corporate credit rating.

The outlook revision follows Herbst's solid operating results for the fiscal year ended Dec. 31, resulting in improved credit measures with the expectation that this trend will continue over the near term, S&P noted.

S&P added that ratings on Herbst reflect the company's moderate-size cash flow base, high debt levels and potential challenges associated with performance relative to the recently acquired assets from Grace, which for the most part benefit from limited competition but are not top-tier properties.

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