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choctaw casino mcalester85x, but Moody’s expects covenant leverage to fall below this level in the second quarter, with the cushion improving thereafter.“The company’s improved earnings before interest, taxes, depreciation and amortization (EBITDA) margin since reopening, including performance in early 2021, positive free cash flow and good liquidity, coupled with the expectation for debt reduction, are reducing leverage from the peaks hit during the coronavirus and improving the company’s flexibility to manage amid the lingering effects of the pandemic,” said Moody’s.(Image: Las Vegas Review-Journal)The research firm raised its outlook on the gaming company’s debt grade to “stable” from “negative” in a new report.admiral casino sheffieldOn the credit side, Moody’s notes Golden’s maturity profile is favorable, and the gaming operator’s efforts to reduce debt are commendable.But it’s not out of the question.“Ratings could be upgraded if the company’s facilities remain open and earnings recover such that consistent and comfortably positive free cash flow and sustained reinvestment flexibility is fully restored, and debt-to-EBITDA is sustained below 5.harrah s casino joliet

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