Gaming - Europe: Investors Not Willing to Gamble on Covenants When Refinancing Gaming Bonds
CORPORATES SECTOR IN-DEPTH 12 June 2017 TABLE OF CONTENTS Gaming-sector bond covenants retain their ground after wave of refinancings in 2016 3 There will be very little gaming bond issuance in the sector in 2017-18 4 The size of the debt, restricted payments and permitted investments “rainy day†baskets in the gaming sector tracks the size more broadly seen in Europe 4 Lien and structural subordi
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
- 130 countries
11,000 corporate issuers
21,000 public finance issuers
76,000 structured finance obligations
Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.