...+ U.S.-based AGS LLC, an indirect wholly owned subsidiary of AP Gaming Holdco Inc., the indirect parent of gaming equipment supplier AP Gaming Holdings LLC, recently announced that it is acquiring gaming equipment supplier Cadillac Jack Inc. for a total consideration of $382 million. + We are lowering our corporate credit rating on AP Gaming to 'B' from 'B+'. + We are also lowering our issue-level rating on the company's senior secured credit facility to 'B' from 'B+'. + The stable outlook reflects our expectation that the increase in debt to fund the acquisition will lead to adjusted debt to EBITDA sustained above 5x and that FFO to debt will remain in the high-single-digit to low-double-digit percent area through 2016. NEW YORK (Standard & Poor's) April 1, 2015--Standard & Poor's Ratings Services said today that it lowered its corporate credit rating on Las Vegas, N.V.-based AP Gaming Holdings LLC (AP Gaming) to 'B' from 'B+'. The rating outlook is stable. At the same time, we lowered...
