S&P assigns B+ to Intralot notes, view now positive

Standard & Poor's said it affirmed its B+ corporate credit rating on Intralot SA and revised its outlook to positive from stable.

In addition, S&P assigned a B+ issue rating to the proposed €200 million senior unsecured notes to be issued by Intralot's 100% subsidiary, Intralot Finance Luxembourg SA.

The rating action reflects S&P's expectation that Intralot will maintain its sound operating performance and continue to strengthen its credit metrics. It also follows the company's launch of a refinancing transaction, consisting of the proposed issuance of the €200 million senior unsecured notes and the refinancing of its short-term bank lines with a new €200 million senior unsecured credit facility.

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