Fitch Sees Tabcorp Margins Improving as Debt Falls
Fitch Ratings expects Tabcorp Holdings to improve its operating margins and reduce debt over the next two years, citing the Australian wagering group’s established market position, strategy renewal and regulatory changes that have narrowed its cost disadvantage against online competitors. The ratings agency affirmed Tabcorp’s Long-Term Issuer Default Rating at ‘BBB-‘ and maintained a Stable Outlook. It also affirmed the ‘BBB-‘ rating on senior unsecured notes issued by Tabcorp Finance Pty Limited, a wholly owned subsidiary. Fitch expects Tabcorp’s credit […] The post Fitch Sees Tabcorp Margins Improving as Debt Falls appeared first on World Casino News.
Fitch Ratings expects Tabcorp Holdings to improve its operating margins and reduce debt over the next two years, citing the Australian wagering group’s established market position, strategy renewal and regulatory changes that have narrowed its cost disadvantage against online competitors. The ratings agency affirmed Tabcorp’s Long-Term Issuer Default Rating at ‘BBB-‘ and maintained a Stable Outlook. It also affirmed the ‘BBB-‘ rating on senior unsecured notes issued by Tabcorp Finance Pty Limited, a wholly owned subsidiary. Fitch expects Tabcorp’s credit […]
The post Fitch Sees Tabcorp Margins Improving as Debt Falls appeared first on World Casino News.
