Gamenet Group S.p.A. Assigned #B# Outlook Stable

Stocks and Financial Services Press Releases Monday September 5, 2016 18:40
LONDON--5 Sep--S&P Global Ratings

LONDON (S&P Global Ratings) Sept. 5, 2016--S&P Global Ratings said today that it is publishing its issuer credit rating of 'B' on Gamenet Group S.p.A., the issuing vehicle of Gamenet's €200 million senior secured notes and €30 million revolving credit facility, as we had stated on July 20, 2016 (see "Italy-Based Gamenet Outlook Revised To Stable On Improved Liquidity Profile; 'B' Rating Affirmed," published on RatingsDirect). We erroneously did not publish the issuer credit rating.

This error has now been rectified. Under our corporate methodology, the assignment of an issuer credit rating is effectively a prerequisite for the assignment of issue ratings on the senior notes and on the revolver.

We assigned Gamenet Group S.p.A. an issuer credit rating of 'B' and a stable outlook.
The issue rating on its debt is unchanged at 'B'.

Certain terms used in this report, particularly certain adjectives used to express our view on rating relevant factors, have specific meanings ascribed to them in our criteria, and should therefore be read in conjunction with such criteria.

Please see Ratings Criteria at www.standardandpoors.com for further information. Complete ratings information is available to subscribers of RatingsDirect at www.globalcreditportal.com and at spcapitaliq.com.

All ratings affected by this rating action can be found on the S&P Global Ratings' public website at www.standardandpoors.com. Use the Ratings search box located in the left column. Alternatively, call one of the following S&P Global Ratings numbers:

Client Support Europe (44) 20-7176-7176; London Press Office (44) 20-7176-3605; Paris (33) 1-4420-6708; Frankfurt (49) 69-33-999-225; Stockholm (46) 8-440-5914; or Moscow 7 (495) 783-4009.

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