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Credit Rating Raised

Aristocrat Leisure Ltd., the world's second-largest maker of slot machines, had its credit rating raised one level to 'BB+' from 'BB' by Standard & Poor's, which cited improved cash flow, cost management and lower debt.

Australian market leadership, increased sales in the U.S. and potential growth from developing markets like Macau help to support the higher rating for Sydney-based Aristocrat, S&P said in a statement e-mailed to Bloomberg. BB+ is S&P's highest noninvestment grade, or junk, rating.

Copyright © Las Vegas Sun. Inc. Republished with permission.

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