New York, February 01, 2013 -- Moody's Investors Service lowered the Speculative Grade Liquidity rating of Caesars Entertainment Corporation ("Caesars") to SGL-3 from SGL-2, reflecting declining revolver availability and Moody's concerns that Caesars' earnings and cash flow will remain under pressure causing the company's negative cash flow to worsen. Caesars' liquidity profile is adquate. Caesars has a Caa1 Corporate Family Rating and negative rating outlook.

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