Moody's affirms Station, rates Opco loans B2

Moody's Investors Service said it affirmed Station Casinos LLC's B3 corporate family and probability of default ratings and changed the rating outlook to positive from stable.

Moody's also assigned a B2 rating to NP Opco, LLC's proposed $200 million five-year revolving credit facility and $575 million seven-year term loan facility. Opco is a wholly owned subsidiary of Station Casinos LLC.

Proceeds from the proposed facilities will be used to refinance Opco's existing debt as well as the existing debt of Station GVR Acquisition LLC.

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