...+ Macau-based new casino company, Studio City, remains a strategically important subsidiary of the MLCO group, in our view. + We believe MLCO's strong operating cash flow will provide a buffer for the group's potentially continuous high shareholder returns or capital investment over the next 12 months. + We are affirming our '##-' long-term corporate credit rating on Studio City. We are also affirming our '##-' long-term issue rating on the company's senior secured notes and our 'B' long-term issue rating on the senior unsecured notes that Studio City guarantees. At the same time, we are affirming our Greater China regional scale ratings on the company and its notes. + The negative outlook on Studio City reflects the negative outlook on Melco Crown over the next 12 months. HONG KONG (S&P Global Ratings) April 24, 2017--S&P Global Ratings said today that it had affirmed its '##-' long-term corporate credit rating on Studio City Co. Ltd. The outlook is negative. We also affirmed our '##-'...
