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Fitch Assigns Junk Rating to DraftKings, Citing Ongoing Risks

Fitch Assigns Junk Rating to DraftKings, Citing Ongoing RisksFitch Ratings has given DraftKings a BB+ Long-Term Issuer Default Rating (IDR) putting the company just below investment grade. The credit rating agency also gave a BBB- rating with an RR1 recovery rating to the gaming company’s senior sec

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Codere reduces debt to $70 million, completes its recapitalization

Codere SA has finalized its Global Recapitalization Program, significantly reducing its corporate debt to approximately €65 million ($70.3 million).This is a turning point for the Spanish gambling operator, which had been burdened by around €1.4 billion ($1.5 billion) in debt prior to the restructur

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