Studio City Co. Ltd. Rating Raised To 'BB-' From 'B+' Following Revision In Group Status; Outlook Stable - S&P Global Ratings’ Credit Research

Studio City Co. Ltd. Rating Raised To 'BB-' From 'B+' Following Revision In Group Status; Outlook Stable

Studio City Co. Ltd. Rating Raised To 'BB-' From 'B+' Following Revision In Group Status; Outlook Stable - S&P Global Ratings’ Credit Research
Studio City Co. Ltd. Rating Raised To 'BB-' From 'B+' Following Revision In Group Status; Outlook Stable
Published Apr 30, 2014
1639 words — Published Apr 30, 2014
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About This Report

  
Abstract:

We believe MCE Group has a strong willingness and ability to financially support Macau-based gaming company Studio City in a stress scenario. We now consider Studio City to be a "strategically important" subsidiary of the MCE Group. We are raising our long-term corporate credit rating on Studio City to 'BB-' from 'B+'. We are also raising the long-term issue rating on the senior notes that Studio City Finance issued to 'B' from 'B-'. The stable outlook reflects our expectation that the Studio City project will be on budget and its opening will not be significantly delayed. We expect the company to remain highly leveraged over the next 12 months. HONG KONG (Standard&Poor's) April 30, 2014--Standard&Poor's Ratings

  
Brief Excerpt:

RESEARCH Studio City Co. Ltd. Rating Raised To '##-' From 'B+' Following Revision In Group Status; Outlook Stable Publication date: 30-Apr-2014 Primary Credit Analyst: Joe Poon, Hong Kong (852) 2533-3507; joe.poon@standardandpoors.com...

  
Report Type:

Ratings Action

Issuer
Studio City Co. Ltd.
GICS
Casinos & Gaming (25301010)
Sector
Global Issuers
Country
British Virgin Islands
Region
Pacific
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Studio City Co. Ltd. Rating Raised To 'BB-' From 'B+' Following Revision In Group Status; Outlook Stable" Apr 30, 2014. Alacra Store. May 20, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Studio-City-Co-Ltd-Rating-Raised-To-BB-From-B-Following-Revision-In-Group-Status-Outlook-Stable-1306947>
  
APA:
S&P Global Ratings’ Credit Research. (). Studio City Co. Ltd. Rating Raised To 'BB-' From 'B+' Following Revision In Group Status; Outlook Stable Apr 30, 2014. New York, NY: Alacra Store. Retrieved May 20, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Studio-City-Co-Ltd-Rating-Raised-To-BB-From-B-Following-Revision-In-Group-Status-Outlook-Stable-1306947>
  
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