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Market · Australia · Mon 26 Oct · 1 min read

Fitch flags Tabcorp margin and debt path

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What happened

Fitch's positive read on Tabcorp's margin and debt trajectory is a mildly useful data point for the Australian wagering market but is lower-stakes than it appears. This is a ratings agency affirming a recovery narrative for a domestic incumbent, not a market-moving development.…

Sources: ASGAM

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