Solid market position in its main resort and gaming business Moderate level of revenue and earnings diversity Intermediate financial profile, however, weakening trend with the financing of the Sentosa project Rising competition from expanding regional gaming markets Single-site risk of gaming business, albeit improving with the acquisition of overseas gaming businesses Increased exposure to project-completion risks The rating reflects Genting Bhd.'s weakening financial profile from the higher debt required to fund the Singapore dollar (S$) 6 billion Sentosa integrated resort (IR) project and its increased exposure to project-completion risks. The ratings continue to be supported by Genting's firm market position in the resort and gaming business, moderate level of revenue and earnings diversity, and currently adequate financial profile. These factors
