On April 11, 2007, Standard&Poor's Ratings Services said its 'BBB+' long-term corporate credit rating on Malaysia's Genting Bhd. remains on CreditWatch with negative implications. The 'BBB+' issue rating on Prime Holdings (Labuan) Ltd.'s US$300 million senior unsecured debt due 2014, and Prime Venture (Labuan) Ltd.'s US$300 million senior unsecured notes due 2008, both of which are guaranteed by Genting, also remain on CreditWatch with negative implications. At the same time, the 'BB-' long-term corporate credit ratings on Malaysia-based cruise operator Star Cruises Ltd., and U.S.-based cruise operator NCL Corp. Ltd., a subsidiary of Star Cruises, also remain on CreditWatch with negative implications. The 'B' foreign currency rating on NCL's senior unsecured debt of US$250 million due 2014, remains
