MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: China Crude Oil Imports Accelerate In November

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

MNI: NORWAY NOV CPI +0.3% M/M, +2.4% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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International Game Technology (IGT; Ba1/BB+ CW Pos/BBB-)

CONSUMER CYCLICALS

Looks like it will lock in a S&P rating upgrade lifting it into IG if this closes. April 28s aren't moving that much, at Z+126 and has traded as tight at +100.

More comments from S&P in late March; "While we would likely raise the rating by at least one notch, we could raise the rating by two notches if we expect IGT to sustain leverage below 3x, incorporating periodic, large, upfront payments and capital investments to extend lottery contracts, dividends, share repurchases, and operating volatility. "

It was waiting for a close/shareholder approvals, below presser says close expected at end of 3Q25 subject to Everi shareholder and regulatory approvals. {EVRI US Equity} that Apollo is also acquiring at $14.25/share is +40% in US pre-market to $13.0.

IGT presser here.

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