GTECH S.p.A. announced that Standard & Poor’s Ratings Services (S&P) and Moody’s Investors Service (Moody’s) have assigned new credit ratings to Georgia Worldwide PLC of BB+ and Ba2, respectively, with a stable outlook.
S&P has also lowered GTECH’s and International Game Technology’s (IGT) corporate credit ratings to BB+. These actions follow GTECH’s announcement of the offering of a series of euro and dollar denominated senior secured notes for an aggregate principal amount of approximately $5 billion as part of GTECH’s financing for the acquisition of IGT.