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Ratings On Genting Affirmed Despite Expected Increase In Gearing To Part-Finance Acquisition

Published Sep 13, 2006

778 words — Published Sep 13, 2006

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Abstract:

SINGAPORE (Standard&Poor's) Sept. 13, 2006--Standard&Poor's Ratings Services said today it affirmed its 'BBB+' corporate credit ratings on Malaysia's Genting Berhad and the issue ratings on medium-term notes guaranteed by Genting. The outlook is stable. "The ratings reflect Genting's solid market position in its main resort and gaming business, increasing revenue and earnings diversity, and currently intermediate financial profile," said Standard&Poor's credit analyst, Greg Pau. "However, these positive factors are offset by intensifying competition in the regional gaming market, operating and financial challenges faced by its cruise business, and dependence on Genting Highlands for its core business," Mr. Pau added. Genting is an investment holding company with a market capitalization of about Malaysian ringgit (RM)

Brief Excerpt:

RESEARCH Ratings On Genting Affirmed Despite Expected Increase In Gearing To Part-Finance Acquisition Publication date: 13-Sep-2006 SINGAPORE (Standard & Poor's) Sept. 13, 2006--Standard & Poor's Ratings Services said today it affirmed...

Report Type:

Ratings Action

Ticker

GENT@MK

Issuer

Genting Bhd.

GICS

Casinos & Gaming (25301010)

Sector

Corporations, Global Issuers, Hotel & Gaming

Country

Malaysia

Region

Emerging Markets

Format:

HTML

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Research Update: Genting Ratings Affirmed Despite Expected Increase In Gearing To Part-Finance Acquisition – 2006/09/13 – US$ 225.00

Genting Berhad – 2005/09/22 – US$ 500.00

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Rating On Malaysia's Genting Berhad Affirmed At 'BBB+' With Stable Outlook – 2005/08/26 – US$ 150.00

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MLA:	S&P Global Ratings’ Credit Research. "Ratings On Genting Affirmed Despite Expected Increase In Gearing To Part-Finance Acquisition" Sep 13, 2006. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Genting-Affirmed-Despite-Expected-Increase-In-Gearing-To-Part-Finance-Acquisition-531920>

APA:	S&P Global Ratings’ Credit Research. (). Ratings On Genting Affirmed Despite Expected Increase In Gearing To Part-Finance Acquisition Sep 13, 2006. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Genting-Affirmed-Despite-Expected-Increase-In-Gearing-To-Part-Finance-Acquisition-531920>

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