S&P lifts Intralot view to stable

Standard & Poor’s said it revised Intralot SA’s outlook to stable from negative and affirmed its B corporate credit rating.

S&P also said it affirmed the B ratings on Intralot’s senior unsecured notes issued by Intralot Capital Luxembourg SA and Intralot Finance Luxembourg SA.

The outlook revision reflects the stabilization of the group’s operating profile, which underperformed in 2014 and the first half of 2015, the agency said.

S&P also said it believes that Intralot is on course for meaningful improvement during 2016 due to better conditions in key markets and strategic initiatives aimed at shifting toward the higher margin technology business.

The company’s business risk profile is constrained by its pronounced exposure to emerging markets, different regulatory systems and different tax systems, the agency added.

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