Standard & Poor's Rating Services last week changed its outlook on International Game Technology from "positive" to "stable." A positive outlook means that S&P believes it may raise a rating.
A stable outlook means change is unlikely.
IGT, a Reno-based maker of slot machines, carries a "BBB" corporate rating from S&P.
The company had about $1.2 billion in debt outstanding at the end of March.
Peggy Hwan, a credit analyst for S&P, said IGT's solid performance during the first quarter improved its outlook.
IGT benefits, too, from good fundamentals in the gaming industry during the intermediate term, Hwan said.
S&P said casino operators in new markets are likely to turn to the Reno company for machines.
She said IGT should have enough cash flow to complete modest share-repurchase programs and dividend payments even as it meets its objectives for growth.
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