SINGAPORE (Standard&Poor's) Dec. 19, 2007--Standard&Poor's Ratings Services today lowered its corporate credit rating on Malaysia's gaming and leisure company Genting Bhd. to 'BBB', from 'BBB+'. The outlook is stable. The rating is removed from CreditWatch, where it was placed on Dec. 11, 2006, with negative implications. The ratings on the senior unsecured debt, guaranteed by Genting, have also been lowered to 'BBB', from 'BBB+'. "The rating downgrade reflects Genting's weakening financial profile from the higher debt required to fund the Sentosa integrated resort project and its increased exposure to project-completion risks," said Standard&Poor's credit analyst Anshukant Taneja. "The ratings continue to be supported by Genting's firm market position in the resort and gaming business,
