S&P puts Gamesys on watch

S&P said it placed Gamesys Group plc’s ratings on CreditWatch with negative implications, citing its agreement to be acquired by Bally’s Corp.

“We rate Bally's at B, one notch below our B+ long-term issuer credit rating on Gamesys. We have, therefore, placed our rating on Gamesys on CreditWatch with negative implications. The issue ratings on Gamesys' debt are unchanged,” the agency said in a press release.

S&P said it plans to resolve the CreditWatch after the deal’s completion, when it will probably lower Gamesys’ ratings a notch.

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