Fitch revises Allwyn outlook to positive

Fitch Ratings said it revised Allwyn International as' (Allwyn, formerly Sazka Group) outlook to positive from stable and affirmed its long-term issuer default rating at BB- and its BB-/RR4 senior secured ratings.

“The positive outlook reflects ongoing improvement in Allwyn's business profile, through enhanced geographic diversification and increased deleveraging prospects after 2023. The BB- IDR is balanced by the residual complexity of the group structure, with the majority of consolidated revenue generated by operating companies (opcos) that are not fully owned,” the agency said in a statement.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.