02.08.2016 17:08:00
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Gala Group Finance Plc -- Moody's places Gala's ratings under review for upgrade
London, 02 August 2016 -- Moody's Investors Service (Moody's) has today placed on review for possible upgrade the ratings of UK gaming company Gala Electric Casinos Plc (Gala). This includes its B1 Corporate Family Rating (CFR), the B1-PD Probability of Default Rating (PDR), the Ba3 rating of the GBP350 million senior secured notes due 2018 (GBP88 million outstanding) issued by Gala Group Finance Plc and the B3 rating of the GBP275 million senior notes due 2019 (GBP175 million outstanding) issued by Gala.