LONDON, Feb. 2, 2023 /PRNewswire/ — International Game Technology PLC (“IGT”) (NYSE:IGT) announced today that Fitch Ratings, Inc. has assigned (“Fitch”) to each of IGT and its subsidiary, IGT Lottery Holdings BV, long term. the issuance rating of BB+ with reference to the bond rating and the rating of BBB- on their long-term bond.
According to the report published by Fitch, the rating reflects the conservative leverage of IGT, which has improved significantly from the initial stages of the crisis due to the reduction of debt financed by the proceeds from the sales of non-profit organizations and active fundraising. Strong credit conditions allow IGT to continue to finance the development of the slot machine and the shareholder returns and secures future financial requirements related to the concessions. The number takes into account IGT’s leading share in the main gaming result markets, especially the lottery.
“We are pleased to receive, for the first time from Fitch, an issue rating of BB+ with a stable outlook and a high credit rating of BBB-,” he said. Max Chiara, CFO of IGT. “These assessments reflect our leadership positions in business sectors, our history of delivering solid operating and financial results, and our strong credit history.”
About IGT
IGT (NYSE:IGT) is a global leader in gaming. We provide fun and responsible gaming experiences for players across all channels and regulated sectors, from Lotteries and Gaming Machines to Sports Betting and Digital. Using a wealth of critical thinking, a high value on innovation, player knowledge, operational knowledge, and leading technology, our solutions provide a unique gaming experience to engage in. toys and promote growth. We have a strong local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by maintaining high standards of service. , loyalty, and responsibility. IGT has approximately 10,500 employees. For more information, please visit www.IGT.com.
Conditional Statements Regarding Forward-Looking Statements
This news release may contain forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) regarding International Game Technology PLC and its subsidiaries (the “Hi“) and others. These statements can discuss goals, ideas, and opinions about future plans, trends, events, episodes, results of performance, or financial condition, or, in relation to the beliefs of the Company’s management, including the opinions made by, and information currently available to, such management. should,” “will,” “continue,” “think,” “think,” “think,” “future,” “lead,” “think,” “could,” “could,” “could ,” “possible,” “Wanamua,” “project” or any other form of such words. These statements speak only as of the date they are made and are subject to various risks and uncertainties, many of which are external to the Company. Perhaps more of these problems or uncertainties, or some of the original assumptions that do not reflect the true results. Forward-looking statements and past results, performance, or achievements may differ materially from those predicted in forward-looking statements. Therefore, you should not place undue reliance on such statements. Factors that could cause actual results to differ from those contained in the forward-looking statements include (but are not limited to) factors and risks described in the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2021 and other documents filed from time to time with the SEC, available on the SEC’s website at www.sec.gov and in the financial section of the Company’s website at www.IGT.com. Except as required under applicable law, the Company does not assume any obligation to update these forward-looking statements. You should carefully consider these factors and any other issues or concerns regarding the Company’s business. Nothing in this news release is intended, or should be construed, as a financial forecast or should be interpreted as an estimate of the financial performance of International Game Technology PLC for the current fiscal year. The next few years will be equal to or more than the printed amount. work of International Game Technology PLC, as applicable. All forward-looking statements in this news release are qualified in their entirety by this disclaimer. All statements relating to International Game Technology PLC, or persons acting on behalf of them, are entirely appropriate in this disclaimer.
Connect
Phil O’ShaughnessyInternational consultation, toll-free in the US/Canada +1 (844) IGT-7452; outside US/Canada +1 (401) 392-7452
French Lute, +39 06 5189 9184; for Italian media inquiries
James HurleyInvestor Relations, +1 (401) 392-7190
SOURCE International Game Technology PLC
