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Prospect News home > News index > List of issuers M > Headlines for Marina District Development Co. LLC > News item
Published on 8/5/2016 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

S&P ups, withdraws Marina District

S&P said it raised its corporate credit rating on Marina District Development Co. LLC (MDDC) to BB- from B+.

The outlook is stable.

The agency subsequently withdrew all of its ratings on Marina District.

"The one-notch upgrade reflects the completion of the acquisition by MGM Resorts International and our view that MDDC is a core subsidiary of MGM," S&P credit analyst Stephen Pagano said in a news release.


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