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Published on 1/28/2022 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

S&P raises OPAP

S&P said it raised OPAP SA’s rating to BB- from B+.

“We forecast that a rebound in group earnings at OPAP's parent Sazka Group AS will enable debt to decline toward 4x in 2022 and have therefore raised our long-term issuer rating on Sazka to BB- from B+. As a result, the agency raised OPAP’s rating.

The outlook is stable.


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