New York, November 05, 2015 -- Moody's Investors Service today downgraded Penn National Gaming, Inc.'s (Penn) Corporate Family Rating to Ba3 from Ba2 based on the expectation that the company will not be able to reduce its leverage at a pace and to a degree that Moody's feels would be appropriate for a Ba2 given Penn's asset and business risk profile. Moody's also assigned an SGL-2 Speculative Grade Liquidity rating to Penn. The rating outlook is stable.
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