Moody's upgrades Sky Bet's CFR to B1; stable outlook
London, 24 November 2016-- Moody's Investors Service has today upgraded the corporate family rating of the UK online gaming operator Cyan Blue Holdco 2 Limited to B1 from B2 as well as its probability of default rating to B1-PD from B2-PD, as a result of its stronger-than-expected operating performance, rapid deleveraging, very good liquidity and expectations that it can continue growing revenue and EBITDA over the next 12-18 months. Concurrently, Moody's has upgraded the...
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