Moody’s assigns Wynn Macau notes B1

Moody’s Investors Service said it assigned a B1 rating to Wynn Macau, Ltd.’s proposed $750 million of senior unsecured notes due 2026.

The B1 rated senior unsecured notes at Wynn Macau are unchanged.

Proceeds will be used for general corporate purposes until business recovers from the effects of the coronavirus, and then to facilitate the repayment of a portion of the amounts outstanding under the Wynn Macau credit facilities.

The outlook remains negative.

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