Fitch rates Boyd Gaming notes B-

Fitch Ratings said it assigned a B-/RR5 rating to Boyd Gaming Corp.'s proposed issuance of $500 million senior unsecured notes due 2018 and taken the following rating actions: issuer default rating affirmed at B; senior secured credit facility upgraded to BB/RR1 from B+/RR3; and senior subordinated debt affirmed at CCC/RR6.

The outlook was revised to stable from negative.

The outlook revision to stable primarily reflects Boyd's progress with respect to addressing 2012 maturities, which has been a credit concern factored into Fitch's previously negative outlook, the agency said.

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