Light & Wonder Earns ‘BB’ Credit Grade in Initial Fitch RatingWritten by: Todd Shriber

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Light & Wonder (NASDAQ:SGMS), the company formerly known as Scientific Games, earned a “BB” credit mark in its first grade from Fitch Ratings, putting the slot machine manufacturer in non-investment grade territory. The company reported debt of $8.8 billion as of September 30, 2021. That’s well in excess of its market capitalization of $5.68 billion,
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