Moody's: PITG unchanged

Moody's Investors Service said that the revision of certain terms related to PITG Gaming HoldCo's senior secured credit facilities will not have an impact on the company's ratings that were initially assigned on April 29 and remain subject to our receipt and review of final documentation.

Despite the fact that Moody's has a favorable view of the revisions, they do not change the overall risk profile of PITG enough to warrant a positive rating action.

On April 29, Moody's said it assigned a B3 corporate family rating, B3 probability of default rating and a stable outlook to PITG, adding that a Ba3 was assigned to the 1st-lien portion of the company's secured credit facilities while a Caa1 was assigned to the second-lien portion.

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