Inspired earns credit ratings upgrade from Fitch
The group moved from a B- to a B score.
Inspired Entertainment has received a B corporate rating from Fitch Ratings. The company had previously issued Inspired a B- rating.
Inspired said in a statement: “The outlook for the rating is stable. In addition, Fitch upgraded Inspired’s senior secured global notes rating two notches to ‘BB-‘ from ‘B.’
“According to the report from Fitch, the improved ratings reflect Fitch’s view of improved profitability driven by increasing margins, lower gross leverage and strong results across all segments of the business.”
Inspired provides systems and solutions, as well as gaming content to the industry and offers its clients hardware, technology and services. The group works across both mobile and land-based channels across the globe.
The company operates in 35 countries around the world.
Fitch cited that “Inspired’s sustained high profitability that translates into free cash flow generation capacity and sound organic deleveraging” and said the company has a “solid financial profile.”
Inspired Gaming Group recently launched in Pennsylvania through its continued partnership with Light & Wonder. Players around the state can now access Inspired’s games on both BetMGM and Light & Wonder’s OpenGaming iGaming platform.
Light & Wonder took a moment to thank its executives for making the launch happen on a recent social media post.
The company said: “We are very happy to announce that our partners at Inspired Gaming Group, are now live in Pennsylvania with BetMGM, via our OpenGaming platform.
“A big thank you to Nicholas Weil, Claire Osborne, Dana Jackel, Ericka Mazer, MBA, Leigh Clements, Bradley Wise, Robert Passerino, Oliver Bartlett and everyone else involved in making this happen.”
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