S&P: MTR Gaming on watch

Standard & Poor's said it placed its B+ corporate credit and senior unsecured debt ratings on MTR Gaming Group Inc. on CreditWatch with negative implications.

S&P said the CreditWatch listing reflects the potential for a substantial increase in the company's debt levels following an offer to take MTR private by a newly formed entity, TBR Acquisition Group LLC.

The transaction could result in significant incremental debt of up to $250 million, S&P noted.

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