Moody's: Station loans B3

Moody's Investors Service said it assigned a B3 corporate family rating and B3 probability of default rating to Station Casinos, LLC. Moody's assigned B3 (LGD3, 48%) ratings to Station's first-lien credit facilities and to subsidiary NP Opco LLC's credit facilities.

The outlook is stable.

Station Casinos, LLC was formed for the purpose of acquiring the assets of Station Casinos, Inc. and its subsidiaries pursuant to the Bankruptcy Court order on Aug. 27, 2010, confirming the plan of reorganization. Station also acquired the assets of Green Valley Ranch Resort Spa & Casino. The company emerged from bankruptcy on June 17.

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