Station Casinos LLC -- Moody's upgrades Station's CFR to B1

New York, May 19, 2016 -- Moody's Investors Service, ("Moody's") upgraded Station Casinos LLC's Corporate Family Rating and Probability of Default Rating to B1 and B1-PD, respectively, and upgraded the senior unsecured rating to B3. Moody's assigned ratings to Station's proposed senior secured revolving credit facility, Term Loan A, and Term Loan B - all at Ba3. Moody's assigned a Speculative Grade Liquidity rating of SGL-1. Moody's upgraded Station's existing senior secured revolving credit facility and Term Loan B -- each to Ba3; Moody's will withdraw these ratings when the new proposed senior secured facilities close. This concludes the review for upgrade that commenced on May 13, 2016.

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