Melco Resorts Finance's Proposed U.S. Dollar-Denominated Senior Unsecured Notes Rated 'BB-' - S&P Global Ratings’ Credit Research

Melco Resorts Finance's Proposed U.S. Dollar-Denominated Senior Unsecured Notes Rated 'BB-'

Melco Resorts Finance's Proposed U.S. Dollar-Denominated Senior Unsecured Notes Rated 'BB-' - S&P Global Ratings’ Credit Research
Melco Resorts Finance's Proposed U.S. Dollar-Denominated Senior Unsecured Notes Rated 'BB-'
Published Sep 15, 2025
3 pages (1351 words) — Published Sep 15, 2025
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Abstract:

HONG KONG (S&P Global Ratings) Sept. 15, 2025--S&P Global Ratings today assigned its 'BB-' long-term issue rating to the U.S. dollar-denominated senior unsecured notes that Melco Resorts Finance Ltd. proposes to issue. The rating is subject to our review of the final terms and conditions. Melco Resorts Finance intends to use the proceeds to repay its senior unsecured notes due in 2026. We therefore regard the transaction as neutral for the group's leverage. The rating on the proposed notes reflects our long-term issuer credit rating on Melco Resorts (Macau) Ltd. (BB-/Stable/--), a Macau-based operator of integrated resorts. Melco Resorts (Macau) is a key operating subsidiary and rating driver of the Melco group, while Melco Resorts Finance is a financing parent

  
Brief Excerpt:

...September 15, 2025 HONG KONG (S&P Global Ratings) Sept. 15, 2025--S&P Global Ratings today assigned its '##-' long-term issue rating to the U.S. dollar-denominated senior unsecured notes that Melco Resorts Finance Ltd. proposes to issue. The rating is subject to our review of the final terms and conditions. Melco Resorts Finance intends to use the proceeds to repay its senior unsecured notes due in 2026. We therefore regard the transaction as neutral for the group's leverage. The rating on the proposed notes reflects our long-term issuer credit rating on Melco Resorts (Macau) Ltd. (##-/Stable/--), a Macau-based operator of integrated resorts. Melco Resorts (Macau) is a key operating subsidiary and rating driver of the Melco group, while Melco Resorts Finance is a financing parent company of Melco Resorts (Macau). We believe the risk of subordination in Melco Resort Finance's capital structure is insignificant. The company had about US$5.0 billion in senior unsecured notes and outstanding...

  
Report Type:

Ratings Action

Issuer
Melco Resorts (Macau) Ltd.
GICS
Casinos & Gaming (25301010)
Sector
Global Issuers
Region
Latin America
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Melco Resorts Finance's Proposed U.S. Dollar-Denominated Senior Unsecured Notes Rated 'BB-'" Sep 15, 2025. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Melco-Resorts-Finance-s-Proposed-U-S-Dollar-Denominated-Senior-Unsecured-Notes-Rated-BB-3440653>
  
APA:
S&P Global Ratings’ Credit Research. (). Melco Resorts Finance's Proposed U.S. Dollar-Denominated Senior Unsecured Notes Rated 'BB-' Sep 15, 2025. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Melco-Resorts-Finance-s-Proposed-U-S-Dollar-Denominated-Senior-Unsecured-Notes-Rated-BB-3440653>
  
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