Breaking News

Tweet TWEET

Fitch Updates Recovery Analyses for U.S. Gaming Operators

  Fitch Updates Recovery Analyses for U.S. Gaming Operators

Business Wire

NEW YORK -- December 20, 2012

Fitch Ratings has published updated recovery analyses for the following U.S.
gaming operators:

-- Caesars Entertainment Operating Co. (including Chester Downs and Marina
LLC)

-- MGM Resorts International

-- CityCenter Holdings, LLC

-- Boyd Gaming Corporation

-- Marina District Finance Company, Inc (Borgata)

-- Peninsula Gaming, LLC (Newly assigned IDR and Security Specific Ratings)

-- Pinnacle Entertainment, Inc.

The analyses take into account proposed refinancing transactions announced by
Caesars and MGM in the third quarter of 2012.

The interactive recovery analysis worksheets are available at
'www.fitchratings.com' under the following headers:

Sectors >> Corporate Finance >> Corporates >> Research

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research:

-- 'Recovery Ratings and Notching Criteria for Non-Financial Corporate
Issuers' Nov. 13, 2012;

-- 'Corporate Rating Methodology' Aug. 8, 2012;

-- 'U.S. Gaming: Recovery Rating Methodology, April 4, 2008.

Applicable Criteria and Related Research: U.S. Gaming Recovery Models -
Third-Quarter 2012
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=697752

Recovery Ratings and Notching Criteria for Non-Financial Corporate Issuers
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=693773

Corporate Rating Methodology
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=684460

US Gaming: Recovery Rating Methodology
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=381344

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS.
PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK:
HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING
DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S
PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND
METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF
CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL,
COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM
THE 'CODE OF CONDUCT' SECTION OF THIS SITE.

Contact:

Fitch Ratings
Michael Paladino, CFA, +1-212-908-9113
Senior Director
Fitch, Inc.
33 Whitehall St.
New York, NY 10004
or
Alex Bumazhny, CFA, +1-212-908-9179
Associate Director
or
Adam Dolkart, +1-312-368-2095
Associate Director
or
James Gearhart, +1-212-908-0649
Analyst
or
Media Relations, New York
Brian Bertsch, +1-212-908-0549
brian.bertsch@fitchratings.com
 
Press spacebar to pause and continue. Press esc to stop.