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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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