Moody's rates Studio City bond B3

Moody's Investors Service said it assigned a definitive B2 corporate family rating to Studio City Finance Ltd.

Moody's also assigned a definitive B3 rating to the dollar-denominated bond issued by Studio City Finance, a subsidiary of Melco Crown Entertainment Ltd.

The bonds are guaranteed by the issuer's existing and future restricted subsidiaries.

The outlook is stable.

The proceeds of the bonds will be used to fund the Studio City Project and to pay for related financing costs, fees and expenses.

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