Online gaming in NJ is credit-positive for Borgata, Caesars

Reuters News

2/27/2013 2:23:41 PM - Reuters News

(Reuters) - Fitch Ratings said on Wednesday that New Jersey's legalization of online gaming was a credit positive for Borgata Hotel Casino & Spa and Caesars Entertainment Corp..

Fitch rates Borgata's issuer default rating a B-minus with a stable outlook. It rates Caesar's IDR a CCC with a negative outlook.

Marina District Finance Co. is the issuing entity for the Borgata, which is owned by Boyd Gaming Corp..

(Reporting by Hilary Russ; Editing by James Dalgleish)