Moody's Assigns Baa1 Rating to FDJ with Stable Outlook

On November 7, 2024, La Française des Jeux (FDJ), a prominent European gambling operator, received a long-term credit rating of Baa1 with a stable outlook from Moody's. This investment-grade rating is a strategic advantage for FDJ, facilitating diversification of financing sources.

This rating is particularly crucial as it will enable FDJ Group to access the bond market. This move is part of the company's strategy to refinance a significant €2 billion bridging loan. This loan was initially organized to support the acquisition of Kindred shares, valued at approximately €2.5 billion.

By achieving this rating, FDJ demonstrates financial stability and enhances its creditworthiness in the market. The company continues to focus on expanding its financial resources while maintaining a responsible and diversified portfolio of betting and gaming options.