Moody's Investors Service today downgraded Twin River Worldwide Holdings, Inc.'s ("Twin River") Corporate Family Rating ("CFR") to B2 from B1. Moody's also downgraded the Speculative Grade Liquidity rating to SGL-2 from SGL-1. On March 13, Twin River announced that the government of Rhode Island ordered all casino, hotel and f&b operations have been suspended in the state to close for a 7-day period commencing on March 14, 2020.

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NOTE: On May 04, 2020, the press release was corrected as follows: In the first sentence of the third paragraph the Corporate Family Rating was changed to B2. New York, May 04, 2020 -- -- Moody's Investors Service today assigned a Ba2 rating to Twin River Worldwide Holdings, Inc.'s ("TRWH") $275 million add-on to the company's existing $298 million outstanding term loan B due 2026. TRWH's B2 Corporate Family Rating, B2-PD Probability of Default Rating, and Ba3 senior secured bank loan rating were affirmed.