S&P lifts MTR view to stable

Standard & Poor's said it revised the outlook on MTR Gaming Group Inc. to stable from negative.

The agency also affirmed its B- corporate credit rating and issue-level ratings on the company.

The outlook revision reflects MTR's outperformance relative to expectations in recent periods, S&P said.

Although two of MTR's properties experienced declines due to competitive pressure from the Cleveland market, the company's newest gaming location has been able to ramp up in the face of additional competition and mitigate the declines at the other two properties, the agency said.

MTR has a limited geographic diversity and significant competitive pressures, the agency said.

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