Fitch upgrades Intralot notes

Fitch Ratings said it upgraded the senior unsecured rating on the bonds issued by Intralot Capital Luxembourg SA and guaranteed by Intralot’s key subsidiaries to CC/RR4 from C/RR5.

“The upgrade of the senior unsecured rating reflects a lower amount of Intralot’s priority debt following the expiry of the company’s $40 million U.S. revolving credit facility (RCF). This, in turn, leads to higher recoveries for noteholders based on the current capital structure,” Fitch said in a press release.

Fitch also affirmed Intralot SA’s CC long-term issuer rating.

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