S&P revises Midwest Gaming view to stable

S&P said it revised its outlook on Midwest Gaming Borrower LLC (MGB), the Illinois-based owner and operator of Rivers Casino Des Plaines, to stable from negative and affirmed all ratings, including the B+ issuer credit rating.

“The stable outlook reflects our expectation that MGB's adjusted leverage in 2022 will improve to the low-3x area, which provides a significant cushion relative to our 5x downgrade threshold to absorb the likely impact of new competition in 2023,” S&P said in a news release.

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