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cool cat casino tournaments85x, but Moody’s expects covenant leverage to fall below this level in the second quarter, with the cushion improving thereafter.Golden’s B3 rating is well into junk territory, though that’s the case for a slew of mid-sized and smaller casino operators.“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.Up 104.For now, it remains to be seen if Golden’s B3 rating changes for the better.“The maturity profile is otherwise good with the term loan maturing in October 2024,” said the ratings agency.mountaineer casino new years eve 2020

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