Moody’s rates Wynn Resorts notes B1

Moody’s Investors Service said it assigned a B1 rating to Wynn Resorts Finance, LLC’s proposed $350 million senior unsecured notes due 2025.

Moody’s also confirmed the ratings of Wynn Resorts Finance, including the company’s Ba3 corporate family rating, Ba1 rated senior secured revolver and term loan and B1 rated senior unsecured notes.

Concurrently, Moody’s confirmed the B1 rated senior unsecured notes of Wynn Macau, Ltd. and B1 rated senior unsecured notes of Wynn Las Vegas, LLC. The company’s speculative-grade liquidity rating was downgraded to SGL-2 from SGL-1. The affirmations conclude the review started on March 16, Moody’s said.

The outlook is negative.

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