S&P gives Ameristar loan BB+

Standard & Poor's said it assigned its BB+ rating and a recovery rating of 1 to Ameristar Casinos Inc.'s proposed $1.2 billion senior secured credit facility.

At the same time, S&P said it affirmed its ratings on Ameristar, including its BB corporate credit rating. The outlook remains stable.

The ratings on Ameristar reflect its relatively small casino portfolio and cash flow concentration in Missouri, the expectation that the company will continue to pursue growth opportunities and that these will likely be primarily debt funded, its leading positions in its markets and good credit measures for the rating, the agency said.

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