Jul 27, 2020 Newsdesk Industry Talk, Latest News, Top of the deck  
The current credit profile of Australia-based casino games supplier Aristocrat Leisure Ltd reflects its earnings stability, though Covid-19 remains a drag on its land-based gaming business, said Moody’s Investors Service Inc in a review published on Friday from the ratings firm’s Sydney, New South Wales, office.
Aristocrat Leisure’s credit profile is ranked as ‘Ba1′, the highest Moody’s non-investment grade for fixed-income obligations with an original maturity of one year or more, according to the institution. The obligations rated “Ba” are judged to have “speculative elements” and are subject to “substantial credit risk”.
The current ‘Ba1′ credit profile of Aristocrat Leisure reflects its “geographic diversification”, and its “shift in revenue mix towards recurring revenue allowing earnings stability”, Moody’s said in its latest periodic review. The rating agency also said a ‘Ba1′ credit profile reflected the company’s “organic growth” outlook, relating particularly to its digital product and services segment.
But Aristocrat Leisure’s credit profile is constrained by Covid-19 containment measures on land-based gaming; as well as “evolving regulatory oversight”; “consumer tastes”, and the “competitive nature” of the digital segment, Moody’s said.
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Enrique Razon
Chairman and chief executive of Bloomberry Resorts