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Fitch revises Allwyn outlook to positive
Fitch Ratings said it revised Allwyn International as' (Allwyn, formerly Sazka Group) outlook to positive from stable and affirmed its long-term issuer default rating at BB- and its BB-/RR4 senior secured ratings.
“The positive outlook reflects ongoing improvement in Allwyn's business profile, through enhanced geographic diversification and increased deleveraging prospects after 2023. The BB- IDR is balanced by the residual complexity of the group structure, with the majority of consolidated revenue generated by operating companies (opcos) that are not fully owned,” the agency said in a statement.
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