Moody's could cut Scientific Games

Moody's Investors Service said it placed Scientific Games Corp.'s ratings, including its Ba3 corporate family and Ba3-PD probability of default ratings, under review for possible downgrade.

Moody's said the review follows the company's recent announcement that it entered into a definitive agreement to acquire WMS Industries Inc. for roughly $1.5 billion.

The acquisition is anticipated to close by the end of this year.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.