NEW YORK--(BUSINESS WIRE)--Fitch Ratings has published updated recovery analyses for the following U.S. gaming operators:
--Caesars Entertainment Operating Co. (including Chester Downs and Marina LLC)
--MGM Resorts International
--CityCenter Holdings, LLC
--Boyd Gaming Corporation
--Marina District Finance Company, Inc. (Borgata)
--Peninsula Gaming, LLC
--Pinnacle Entertainment, Inc.
New in this version are Pinnacle and Ameristar recovery analysis pro forma for the merger and a reference tab with recent transaction and equity implied EV/EBITDA multiples.
The interactive recovery analysis worksheets are available at 'www.fitchratings.com' under the following headers:
Sectors >> Corporate Finance >> Corporates >> Research
Additional information is available at 'www.fitchratings.com'.
Applicable Criteria and Related Research:
--'Recovery Ratings and Notching Criteria for Non-financial Corporate Issuers' Nov. 13, 2012;
--'Corporate Rating Methodology' Aug. 8, 2012;
--'U.S. Gaming: Recovery Rating Methodology, April 4, 2008.
Applicable Criteria and Related Research U.S. Gaming Recovery Models - Fourth-Quarter 2012
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=705479
Recovery Ratings and Notching Criteria for Non-Financial Corporate Issuers
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=693773
Corporate Rating Methodology
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=684460
US Gaming: Recovery Rating Methodology
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=381344
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