S&P revises Aristocrat Leisure view to stable

S&P said it revised its outlook on Aristocrat Leisure Ltd. to stable from negative and affirmed the BB+ long-term issuer credit rating on the company and the related issue ratings on its secured A$286 million revolving credit facility and US$2.35 billion term loans.

“The stable outlook reflects that we expect Aristocrat to continue to generate good levels of discretionary cash flow over the next 12 months, enabling it to keep debt to EBITDA comfortably below 2.5x,” S&P said in a news release.

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