Inspired Entertainment, Inc. a B2B provider of gaming content, systems and solutions, announced today that Fitch Ratings ("Fitch") has upgraded Inspired's corporate rating to 'B' from 'B-'. The outlook for the rating is stable. In addition, Fitch upgraded Inspired's senior secured global notes rating two notches to 'BB-' from 'B'.
In upgrading the credit ratings Fitch cited, "Inspired's sustained high profitability that translates into free cash flow generation capacity and sound organic deleveraging" and a "solid financial profile." According to the report from Fitch, the improved ratings reflect Fitch's view of improved profitability driven by increasing margins, lower gross leverage and strong results across all segments of the business.
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