{
  "id": 6294237,
  "title": "S&P will upgrade Cirsa's rating due to the merger with Lottomatica",
  "url": "https://urgent.news/2026/09/08/s-p-subira-el-rating-de-cirsa-por-la-fusion-con-lottomatica",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-08T15:01:07.000Z",
  "source": {
    "name": "Expansion ES",
    "slug": "expansion-es",
    "url": "https://www.expansion.com/catalunya/2026/09/08/6aa02304468aebdd0b8b4599.html"
  },
  "original_language": "es",
  "account": "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.",
  "summary": "The agency maintains the debt rating of the gaming group at BB- and expects to improve it when the operation is closed.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}