S&P lowers Legends Gaming outlook to stable

Standard & Poor's said it revised its rating outlook on Legends Gaming LLC to stable from positive.

Outstanding ratings on the company, including the B corporate credit rating, were affirmed, the agency said.

"The outlook revision reflects somewhat weaker operating performance than we previously expected, preventing near-term upside potential for the rating," explained S&P credit analyst Ariel Silverberg.

The B rating on Legends reflects the company's high debt levels, small portfolio of gaming properties and competitive environments in both markets in which it operates, the agency added.

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