Fitch changes Enjoy view

Fitch Ratings said it affirmed Enjoy SA's long-term issuer default rating at B+ and revised the rating outlook to negative from stable.

In addition, Fitch affirmed Enjoy's senior unsecured notes at BB-/RR3.

“The negative outlook reflects higher leverage than expected due to poor results in 2018 as a result of the downturn in Argentina, which impacted the company's casino in Uruguay and the sluggish performance of the company's casino in Chile,” the agency said in a news release.

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