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.”
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.
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SOURCE International Game Technology PLC