trending Market Intelligence /marketintelligence/en/news-insights/trending/fhseGMBTq-S8NlP5r2UXKw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Fitch affirms Boyd Gaming's ratings, revises outlook

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

Fitch affirms Boyd Gaming's ratings, revises outlook

Fitch Ratings affirmed its issuer default rating on Boyd Gaming Corp. at B+ and changed the outlook to positive from stable.

The agency also affirmed the company's senior secured credit facility at BB+/RR1 and senior unsecured notes at B+/RR4.

The rating agency attributed the affirmation and the outlook revision to Boyd's improving credit profile and good free cash flow, among other factors.

Fitch expects Boyd's leverage to continue to decline, reaching 5.2x and 4.9x in 2017 and 2018, respectively, driven mainly by EBITDA growth from recent acquisitions and debt paydown.

The rating agency termed the free cash flow of the company as healthy, which creates some cushion against potential operating pressure, as it still owns its real estate and is not subject to the high operating leverage the usual gaming operating companies have from master leases.