Moody’s shifts Aristocrat view to stable

Moody’s Investors Service said it changed the outlooks for Aristocrat Leisure Ltd. and Aristocrat International Pty Ltd. to stable from negative.

“The change in Aristocrat’s outlook to stable reflects our expectation that the company’s credit metrics will recover to within rating tolerance thresholds over the next 12-18 months,” said Maadhavi Barber, a Moody’s analyst, in a press release. “We expect strong Digital revenue growth, as well as a moderate, gradual recovery in land-based segment revenue over the period, will continue to drive Aristocrat’s earnings.”

The agency affirmed Aristocrat Leisure’s Ba1 corporate family rating and Aristocrat International’s Ba1 foreign-currency senior secured bank credit facility.

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