S&P: Bally Technologies on developing watch

Standard & Poor's said it revised its CreditWatch implications on its ratings for Bally Technologies Inc. to developing from negative.

The corporate credit rating on the company is B-, S&P noted, adding that the ratings were initially placed on CreditWatch on Sept. 9 and several rating actions have occurred since the original CreditWatch listing.

The revision to CreditWatch with developing implications reflects the progress made by the company to move closer to becoming current on its SEC filings, the agency added.

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