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S&P upgrades Isle of Capri Casinos, debt
Standard & Poor's said it raised its corporate credit rating on Isle of Capri Casinos Inc. to B+ from B.
The outlook is stable.
At the same time, the agency raised all issue-level ratings one notch in conjunction with the upgrade of the company.
"The upgrade reflects EBITDA growth so far in calendar 2015 that exceeds our previous expectations due to revenue growth across most of Isle's portfolio, efficient marketing spending compared to prior years, and other good cost improvements," S&P credit analyst Melissa Long said in a news release.
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