S&P will upgrade Cirsa's rating due to the merger with Lottomatica
The agency maintains the debt rating of the gaming group at BB- and expects to improve it when the operation is closed.
S&P Global Ratings has maintained Cirsa's debt rating at BB- with a stable outlook, but has issued a positive credit watch, indicating a potential upgrade once the company's merger with Lottomatica is completed. The merger is expected to create a leading gaming group with operations in Italy, Spain, and several Latin American countries, generating combined revenues of €5.6 billion and an adjusted EBITDA of €1.8 billion by 2027.
S&P expects the deal to accelerate Cirsa's online gaming growth, leveraging Lottomatica's technology and expertise. Lottomatica currently has a BB rating.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
