Moody's gives SGL-3 to Ameristar Casinos

Moody's Investors Service said it assigned an SGL-3 rating to Ameristar Casinos, Inc., which has a Ba3 corporate family rating.

The outlook is stable.

Ameristar's SGL-3 considers that the company has modest cushion with respect to its senior leverage covenant, the agency said.

As of March 31, the company was required to maintain a consolidated debt-to-EBITDA ratio of no more than 6.25 times.

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