Standard&Poor's Ratings Services published its revised corporate criteria on Nov. 19, 2013. We assess Genting's financial risk profile to be "minimal," reflecting the Malaysia-based gaming and leisure company's sizable surplus cash. We are raising our long-term corporate credit rating on Genting and the long-term issue rating on the company's senior unsecured debt to 'A-' from 'BBB+'. We are also raising our long-term ASEAN regional scale ratings on the company and its debt to 'axAA' from 'axA+'. We are removing all the ratings from CreditWatch, where they were placed with positive implications on Nov. 26, 2013. The stable outlook reflects our expectation that Genting will maintain its operating performance and financial ratios at levels consistent with the current rating
