Stable and resilient cash flows from Malaysian gaming business Potentially strong cash flow generation from new Sentosa integrated resort business Intermediate financial profile expected to be maintained after completion of Sentosa project Cash flow concentration risk--albeit improving with the completion of Sentosa integrated resort, which will help diversify its revenue sources Increasing leverage from borrowings, which are covering Sentosa development costs Increasing competition from expanding regional gaming markets The ratings on Genting Bhd. (Genting) reflects the company's stable and resilient cash flows derived largely from its Malaysian gaming business; potentially strong cash flow generation from the new Sentosa integrated resort (Sentosa IR); and our expectations that the group will maintain its intermediate financial risk profile in the medium term. Other
