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Fitch affirms MGM, MGM China
Fitch Ratings said it affirmed the long-term issuer default ratings of MGM Resorts International, MGM China Holdings, Ltd. and MGM Grand Paradise, SA (the two Asian subsidiaries collectively, MGM China) at BB.
The agency also affirmed MGM's senior secured credit facility at BBB-/RR1, MGM's senior unsecured notes at BB/RR3 and MGM China's senior secured credit facility at BBB-/RR1.
The outlook is stable.
Fitch said it links MGM China's issuer default rating to MGM's. The agency added that it analyzes MGM on a consolidated basis after adjusting for distributions to minority interests and distributions from unconsolidated entities.
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