Moody's affirms Genting, Star Cruises, NCL

Moody's Investors Service said it affirmed the Baa1 issuer and debt ratings of Genting Bhd.

The agency said it also affirmed the B1 corporate family rating of Star Cruises Ltd. and the B3 senior unsecured bond rating of NCL Corp. Ltd.

The outlook for all ratings is stable.

The affirmations follow Resorts World Bhd's announcement that it is to dispose of 14.02% interest in Star Cruises for RM1.168 billion.

While proceeds could to a degree enhance Genting's financial and liquidity profiles, Moody's said the core upgrade driver for Genting remains the successful execution of its expansion plan and management of business and financing risks.

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