01.02.2013 18:46:00

Caesars Entertainment Corporation -- Moody's lowers Caesars' Speculative Grade Liquidity to SGL-3 from SGL-2; liquidity is adequate

New York, February 01, 2013 -- Moody's Investors Service lowered the Speculative Grade Liquidity rating of Caesars Entertainment Corporation ("Caesars") to SGL-3 from SGL-2, reflecting declining revolver availability and Moody's concerns that Caesars' earnings and cash flow will remain under pressure causing the company's negative cash flow to worsen. Caesars' liquidity profile is adquate. Caesars has a Caa1 Corporate Family Rating and negative rating outlook.

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