Moody's rates Lottomatica notes Baa3

Moody's Investors Service said it assigned a Baa3 rating to Lottomatica Group SpA's proposed €500 million seven-year notes.

At the same time, Moody's affirmed Lottomatica's other ratings.

The outlook is stable.

Gtech Corp., Gtech Holdings Corp., Gtech Rhode Island LLC and Invest Games SA, all subsidiaries of Lottomatica, will guarantee the notes.

The proceeds of the note issuance will be used in part to repay outstanding bank debt and for general corporate purposes including refinancing of debt maturities.

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