S&P: Chester Downs negative

Standard & Poor's said it revised its outlook on Chester Downs and Marina LLC to negative from stable. The agency said it affirmed all other ratings on the company, including its B- corporate credit rating.

"The outlook revision follows the recent revision of our rating outlook on Caesars Entertainment Corp. and its wholly owned subsidiary, Caesars Entertainment Operating Co. Inc., to negative from stable," said S&P credit analyst Melissa Long in a news release.

Given Caesars Entertainment's 99.5% ownership stake through Caesars Entertainment Operating, the agency said it views the credit quality of Chester Downs and Marina as linked to that of Caesars Entertainment.

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