INSPIRED ANNOUNCES CREDIT RATINGS UPGRADE
Inspired Entertainment, Inc. (NASDAQ: INSE) announced a credit ratings upgrade from Fitch Ratings, with its corporate rating rising from 'B-' to 'B' and senior secured global notes upgraded from 'B' to 'BB-'. The stable outlook reflects Inspired’s high profitability, strong free cash flow generation, and sound organic deleveraging. Fitch noted improved profitability driven by increasing margins, lower gross leverage, and solid results across all business segments. Inspired operates in approximately 35 jurisdictions globally, supplying gaming systems and content for around 50,000 gaming machines, showcasing its expansive reach in the gaming industry.
- Upgrade of corporate rating to 'B' from 'B-' by Fitch Ratings, indicating improved financial stability.
- Senior secured global notes upgraded to 'BB-' from 'B', signaling stronger creditworthiness.
- Fitch cited sustained high profitability and strong free cash flow generation capacity.
- None.
In upgrading the credit ratings Fitch cited, "Inspired's sustained high profitability that translates into free cash flow generation capacity and sound organic deleveraging" and a "solid financial profile." According to the report from Fitch, the improved ratings reflect Fitch's view of improved profitability driven by increasing margins, lower gross leverage and strong results across all segments of the business.
About Inspired Entertainment, Inc. (Nasdaq: INSE)
Inspired offers an expanding portfolio of content, technology, hardware and services for regulated gaming, betting, lottery, social and leisure operators across land-based and mobile channels around the world. Inspired's gaming, virtual sports, interactive and leisure products appeal to a wide variety of players, creating new opportunities for operators to grow their revenue. Inspired operates in approximately 35 jurisdictions worldwide, supplying gaming systems with associated terminals and content for approximately 50,000 gaming machines located in betting shops, pubs, gaming halls and other route operations; virtual sports products through more than 32,000 retail venues and various online websites; digital games for 170+ websites; and a variety of amusement entertainment solutions with a total installed base of more than 16,000 terminals. Additional information can be found at www.inseinc.com.
Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the
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