Analyst Research

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Provider: Thomson Reuters Stock Report
Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: DBS Bank

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Standard & Poor’s lowers Gtech SpA's corporate credit rating

Thursday, 17 Jul 2014 12:45pm EDT 

Gtech SpA:Standard & Poor’s (S&P) Rating Services has lowered its corporate credit rating on GTECH to BBB- from BBB, and also lowered its short-term rating to A-3 from A-2.S&P is also lowering its ratings on GTECH’s senior unsecured debt to BBB- from BBB, and lowered its ratings on the company’s subordinated debt to BB from BB+.The downgrades follow GTECH’s announcement that the company intends to acquire International Game Technology (IGT) for a total consideration of $4.7 billion.