S&P: MGM Resorts view positive

Standard & Poor's said it placed its CCC+ corporate credit rating on MGM Resorts International, as well as all related issue-level ratings, on CreditWatch with positive implications.

"The CreditWatch listing reflects our belief that MGM Resorts will continue to benefit from improving performance trends on the Las Vegas Strip, particularly on the lodging side of the business," said S&P credit analyst Ben Bubeck in a news release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.