Tag Archives: moody’s investors service
- Genting Singapore Samurai bonds now up for grabs
October 11, 2017
Casino operator Genting Singapore PLC has issued Samurai bonds as it prepares for the looming casino license showdown in Japan. Reuters reported that Genting Singapore will issue yen-denominated bonds in three tranches. The company set the pricing of the bonds on a three-year fixed tranche at yen offer-side swaps plus...
- Moody’s upgrades Seminole Tribe’s credit rating
June 21, 2017
International credit debt watcher Moody’s Investor Service has upgraded the Seminole Tribe of Florida's existing term debt, affirming the positive prospects for the tribe’s casino business. South Florida Business Journal reported that Moody’s assigned a positive Baa2 rating to the Tribe's proposed $2.4 billion credit facility, saying that the tribe...
- Moody’s retains credit rating for ‘stable’ Macau
May 25, 2017
International credit-debt watcher Moody’s Investors Service has retained its credit rating for Macau as the former Portuguese enclave continues to post strong recovery growth. Moody’s affirmed its “Aa3” rating for Macau while upgrading its outlook from “negative” to “stable.” Ratings in the “Aa” are high investment grade and are subject...
- Imperial Pacific at “very high” risk of default due to bad VIP debts
April 7, 2017
A credit ratings agency is expressing more concern over Saipan casino operator Imperial Pacific International Holdings (IPI) difficulties in collecting VIP gambling debts. On Thursday, Moody’s Investor Service cut its rating on IPI by one notch to Caa1, the second time in three months that Moody’s has downgraded IPI. Moody’s...
- Trump Taj Mahal’s closure spells bad news for cash-strapped Atlantic City
August 15, 2016
Wall Street credit rating agency Moody’s Investors Service has a good news and bad news for the financially struggling Atlantic City. For the good news, Moody’s pointed out that the loan that the state of New Jersey injected to Atlantic City has prevented the state’s gaming capital from defaulting on...
- Tough times to persist in Macau, Moody’s warns
June 30, 2016
Macau’s struggling gaming market may have bottomed out after posting almost two years of continuous declines in monthly gambling revenues but credit-debt watcher Moody’s Investors Service warns that tough times to persist over the next three years. The gambling-driven economy of Macau will see a 6 percent contraction year-on-year in...
Dragon Corp. wants to bring blockchain to Macau’s casino floors
September 25, 2017
Parisian Macao battling Legionnaires’ Disease outbreak
April 25, 2017
Macau night spots to hit when you’re not gambling
April 2, 2014