Fitch gives Universal Entertainment notes B+

Fitch Ratings said it assigned Universal Entertainment Corp. a long-term foreign-currency issuer default rating of B+ with a stable outlook.

Fitch has also assigned the company’s proposed dollar senior secured notes an expected instrument rating of B+/RR4.

“The ratings reflect UE's strong market position both in the casino business as the operator of the Okada Manila, the largest integrated casino resort (IR) in Manila's Entertainment City, and in its Japanese pachinko and pachislot business where UE commands a leading market share,” the agency said in a news release.

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