Bulletin: Studio City Co. Ltd. Rating Not Immediately Affected By The Uncertainty Of Gaming Tables Allocation - S&P Global Ratings’ Credit Research

Bulletin: Studio City Co. Ltd. Rating Not Immediately Affected By The Uncertainty Of Gaming Tables Allocation

Bulletin: Studio City Co. Ltd. Rating Not Immediately Affected By The Uncertainty Of Gaming Tables Allocation - S&P Global Ratings’ Credit Research
Bulletin: Studio City Co. Ltd. Rating Not Immediately Affected By The Uncertainty Of Gaming Tables Allocation
Published Jun 03, 2015
Published Jun 03, 2015
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Abstract:

HONG KONG (Standard&Poor's) June 4, 2015--Standard&Poor's Ratings Services said today that its rating and outlook on Studio City Co. Ltd. (BB-/Stable/--; cnBB+/--) are not immediately affected by the uncertainty of allocation of gaming tables. The Macau government allocated 150 gaming tables to Galaxy Macau Phase 2, which was opened on May 27, 2015. Studio City may fail to secure at least 400 gaming tables by Oct. 1, 2016, which is a condition under its existing bank facilities. In our base case, we assume Studio City would obtain about 150 gaming tables in 2015 and another 150-200 tables in 2016. This is comparable to what Galaxy Macau Phase 2 obtained at its opening. Failure to secure sufficient

  
Report Type:

Bulletin

Issuer
Studio City Co. Ltd.
GICS
Casinos & Gaming (25301010)
Sector
Global Issuers
Country
British Virgin Islands
Region
Pacific
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Studio City Co. Ltd. Rating Not Immediately Affected By The Uncertainty Of Gaming Tables Allocation" Jun 03, 2015. Alacra Store. May 20, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Studio-City-Co-Ltd-Rating-Not-Immediately-Affected-By-The-Uncertainty-Of-Gaming-Tables-Allocation-1402208>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Studio City Co. Ltd. Rating Not Immediately Affected By The Uncertainty Of Gaming Tables Allocation Jun 03, 2015. New York, NY: Alacra Store. Retrieved May 20, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Studio-City-Co-Ltd-Rating-Not-Immediately-Affected-By-The-Uncertainty-Of-Gaming-Tables-Allocation-1402208>
  
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