Fitch revises Sazka view to negative

Fitch Ratings said it revised Sazka Group as's outlook to negative from stable and affirmed Sazka's long-term issuer default rating at BB-.

“The negative outlook reflects the uncertainty around the pace of recovery, mainly for sports-betting and land-based casinos. The deleveraging path encapsulated in the current ratings may be delayed beyond 2021, which could put pressure on the ratings,” Fitch said in a press release.

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