Genting group companies' operations have recovered from the impact of the pandemic, and we expect earnings to further grow, albeit more gradually. In view of the group's limited spending ahead, we expect its credit quality to improve over the next two years, barring any negative outcome of the New York gaming license, which the group is currently bidding for. On April 29, 2024, S&P Global Ratings affirmed the issuer credit ratings on Genting Bhd., Genting Malaysia Bhd., Genting New York LLC, and Resorts World Las Vegas LLC. The outlook remains stable. The stable outlook on Genting Bhd. reflects our expectation that the company's market position across its operations will translate into stable operating performance, such that its FFO-to-debt ratio remains
