S&P ups Jacobs Entertainment outlook

Standard & Poor's said it revised the outlook on Jacobs Entertainment Inc. to positive from negative and affirmed all outstanding ratings on the company, including its B- corporate credit rating.

The agency expects Jacobs' recent positive operating trends to continue over the next several quarters.

S&P said the B- rating reflects the company's high debt leverage, the second-tier nature of its gaming properties and some lingering concern about the company's tight covenant cushion.

The company's modest level of geographic diversity somewhat offsets these risks.

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