S&P revises Affinity Gaming view

S&P said it affirmed its B issuer credit rating on Affinity Gaming and revised the outlook to negative from stable.

The agency also affirmed the B+ issue-level rating on Affinity's senior-secured credit facility and the CCC+ issue-level rating on its second-lien term loan.

“The negative outlook reflects recent operating underperformance and a downward revision to our EBITDA forecast through 2019, primarily due to weakness in the Nevada segment and higher than expected marketing and promotional costs across the company's portfolio of properties in the first half of 2018,” S&P said in a news release.

“As a result, we expect adjusted debt to EBITDA will be modestly above our 6.5x downgrade threshold over the next two to three quarters.”

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