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Prospect News home > News index > List of issuers S > Headlines for Sands China Ltd. > News item
Published on 12/22/2022 in the Prospect News Bank Loan Daily, Prospect News Emerging Markets Daily, Prospect News High Yield Daily and Prospect News Investment Grade Daily.

Fitch ends watch on Las Vegas Sands

Fitch Ratings said it removed its rating watch negative on Las Vegas Sands Corp., Sands China Ltd. and Marina Bay Sands Pte. Ltd. The outlook is negative.

“The removal of the rating watch reflects SCL's signing of a new, 10-year gaming concession in Macau on Dec. 16, with reasonable terms and commitments, in Fitch's opinion. Visitation recovery remains a key risk and supports the Negative Outlook, given LVS' still high leverage metrics that are balanced by strong excess liquidity,” the agency said in a press release.

Fitch affirmed LVSC's and SCL's unsecured debt at BB+/RR4 and MBS' secured debt at BBB-/RR2.


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