Inspired Announces Credit Ratings Upgrade

NEW YORK, March 27, 2023 /PRNewswire/ — Inspired Entertainment, Inc. (“Inspired” or the “Company”) (NASDAQ: INSE), a leading B2B provider of gaming content, systems and solutions, announced today that Fitch Ratings (“Fitch”) has upgraded Inspired’s corporate rating to ‘B’ from ‘B-‘.  The outlook for the rating is stable. In addition, Fitch upgraded Inspired’s senior secured global notes rating two notches to ‘BB-‘ from ‘B’.

In upgrading the credit ratings Fitch cited, “Inspired’s sustained high profitability that translates into free cash flow generation capacity and sound organic deleveraging” and a “solid financial profile.” According to the report from Fitch, the improved ratings reflect Fitch’s view of improved profitability driven by increasing margins, lower gross leverage and strong results across all segments of the business.

About Inspired Entertainment, Inc. (Nasdaq: INSE) 
Inspired offers an expanding portfolio of content, technology, hardware and services for regulated gaming, betting, lottery, social and leisure operators across land-based and mobile channels around the world. Inspired’s gaming, virtual sports, interactive and leisure products appeal to a wide variety of players, creating new opportunities for operators to grow their revenue. Inspired operates in approximately 35 jurisdictions worldwide, supplying gaming systems with associated terminals and content for approximately 50,000 gaming machines located in betting shops, pubs, gaming halls and other route operations; virtual sports products through more than 32,000 retail venues and various online websites; digital games for 170+ websites; and a variety of amusement entertainment solutions with a total installed base of more than 16,000 terminals. Additional information can be found at www.inseinc.com.

SOURCE: Inspired Entertainment, Inc.