Moody's confirms William Hill's Ba3 rating; outlook negative
Rating Action: Moody's confirms William Hill's Ba3 rating; outlook negative. Global Credit Research- 02 Jul 2020. London, 02 July 2020-- Moody's Investors Service, today confirmed William Hill plc's Ba3 corporate family rating and Ba3-PD probability of default rating, as well as the Ba3 rating assigned to the company's senior unsecured GBP350 million senior unsecured notes due 2026 and GBP350 million senior unsecured notes due 2023. The outlook on all ratings was changed to...William Hill is a gambling company. Co. is engaged in gambling business across four divisions: Online, which comprises all online and telephone activity outside of Australia, including sports betting, casino, poker sites and other gaming products along with telephone betting services; Retail, which comprises all activity undertaken in licensed betting offices including gaming machines; Australia, which provides sports betting products online, by telephone and mobile devices; and U.S., in which Co. is the operator of land-based sports betting shops in Nevada. Other activities include on-course betting and greyhound stadia operations.
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