Moody's withdraws all ratings of Great Canadian Gaming following redemption of rated debt
Rating Action: Moody's withdraws all ratings of Great Canadian Gaming following redemption of rated debt. Global Credit Research- 13 Dec 2018. Toronto, December 13, 2018-- Moody's Investors Service has withdrawn Great Canadian Gaming Corporation's Ba3 corporate family rating, Ba3-PD probability of default rating, B1 senior unsecured notes rating, SGL-1 speculative grade liquidity rating, and positive ratings outlook.Great Canadian Gaming is a multi-jurisdictional gaming and entertainment operator with operations in British Columbia, Ontario and Nova Scotia, Canada and Washington State, the United States. Co. operates ten casinos, a thoroughbred racetrack that offers slot machines, three standardbred racetracks (two offer slot machines and one offers both slot machines and table games), two community gaming centers, a hotel and conference center, two show theatres, and various associated food and beverage and entertainment facilities. Co. operates in one industry segment, the gaming industry. Co. conducts its businesses in two geographic segments: Canada and the United States.
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