Genting Bhd Faces Investment Grade Pressure as Costs Rise
Malaysian gaming and plantations group Genting Bhd is facing increased pressure on its credit profile as major expansion projects and weaker-than-expected performances at several properties raise concerns over its investment-grade rating. S&P Global Ratings said Genting is at risk of becoming a “fallen angel” if earnings weakness continues and the company cannot take sufficient measures to protect its financial position. The company currently holds a “BBB-” rating with a negative outlook, leaving it one step above speculative grade. The ratings agency said the group’s […] The post Genting Bhd Faces Investment Grade Pressure as Costs Rise appeared first on World Casino News.
Malaysian gaming and plantations group Genting Bhd is facing increased pressure on its credit profile as major expansion projects and weaker-than-expected performances at several properties raise concerns over its investment-grade rating. S&P Global Ratings said Genting is at risk of becoming a “fallen angel” if earnings weakness continues and the company cannot take sufficient measures to protect its financial position. The company currently holds a “BBB-” rating with a negative outlook, leaving it one step above speculative grade. The ratings agency said the group’s […]
The post Genting Bhd Faces Investment Grade Pressure as Costs Rise appeared first on World Casino News.
