S&P lowers 155 East Tropicana outlook to stable

Standard & Poor's said it revised its outlook on 155 East Tropicana LLC to stable from positive.

At the same time, S&P said it affirmed its ratings on the company, including its B- corporate credit rating.

The agency added that ratings reflect the company's narrow business position as an operator of a single casino, its disadvantaged off-Strip location, highly competitive market environment and small pro forma cash flow base.

Still, the company's near-term liquidity position is adequate, S&P said.

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