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S&P cuts three European gaming operators
S&P said it lowered its issuer credit ratings on Cirsa Enterprises SLU, Sazka Group as and OPAP SA by one notch.
All three have a negative outlook.
More specifically, S&P cut the long-term issuer credit rating on Cirsa Enterprises by one notch to B-, the long-term issuer credit rating on Sazka Group by one notch to B+ and the long-term issuer credit rating on OPAP by one notch to B+.
“By our estimates, these gaming operators do not face any imminent liquidity risk over the next 12 months, but a prolonged shutdown could strain their credit quality,” S&P said in a news release.
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