Rating outlook upgraded
Wednesday, Jan. 28, 2004 | 11:10 a.m.
Moody's Investors Service has revised the rating outlook of locals' casino operator Herbst Gaming Inc. of Las Vegas to "positive" from "stable" and confirmed the company's existing debt ratings.
The upgrade is based on Herbst's "improved financial performance and market position since acquiring the slot route business of Anchor Coin in February 2003 as well as the company's favorable growth prospects."
The company operates in one of the fastest growing areas in the United States and has demonstrated an ability to generate free cash flow, Moody's said.
"Ratings could be raised over the next 12 months to the extent that positive operating trends continue and Herbst demonstrates an ability and willingness to sustain an improved financial profile over the long-term," the agency said.
archive
- Most Read
- Discussed
- Most E-mailed
- Wonder drug for men no success story
- CityCenter: One man’s concept of a real city
- Bellfield tolls again for UNLV in 76-71 win over Louisville
- Metro corrections officer remembered for his love of family
- Notebook: UNLV prospect Polee likes what he sees, and hears, at the Mack
- Man, 18, arrested for DUI in crash that kills woman, 24
- Man fatally shot during robbery attempt of woman
- Live game blog: Bellfield, UNLV come through late, upset No. 16 Louisville
- Bishop Gorman crushes Reed to head to state championship
- Pitino doesn’t consider loss to UNLV a total loss
Blogs
The Greene Room
MWC Winners and Losers: Week 13
The Kats Report
If the message is 'rock out,' then KISS is indeed a message band (1 Comment)
Could a savior of shuttered Las Vegas Art Museum be ... Peter Max? (6 Comments)
For Paul Stanley and KISS, rock and roll is not over (6 Comments)
Twenty years ago today, Human Nature took root on the farm (1 Comment)
Robin Leach's Las Vegas Celebrity Watch
Photo Gallery: Donny Osmond’s triumphant return to the Flamingo
The Kats Report
'DWTS' champ Donny Osmond still deft afoot in return to Flamingo (8 Comments)
Calendar »
- 30 Mon
- 1 Tue
- 2 Wed
- 3 Thu
- 4 Fri
-
DJ showdown at Prive
Prive | 10 p.m. to 11:59 p.m.
-
Rok Box with Mike Carbonell at Tabu
Tabú Ultralounge | 10 p.m. to 11:59 p.m.
-
DJ Riz at Jet
Jet | 10 p.m. to 11:59 p.m.
-
Football specials at Diablo's
Diablos Cantina
The Sun
Locally owned and independent for more than 50 years.
Technorati








