On Dec. 15, 2003, Standard&Poor's Ratings Services assigned its 'BBB-' corporate credit rating to Malaysian-based resort and gaming company, Genting Bhd. The outlook on the rating is stable. At the same time, Standard&Poor's assigned its 'BBB-' rating to the senior unsecured US$300 million notes, issued by 100%-owned Prime Venture (Labuan) Ltd. and guaranteed by Genting. The notes mature in 2008 and are exchangeable into ordinary shares of Genting's 57% subsidiary, Resorts World Bhd. The rating on Genting reflects the following strengths: Strong market position in its main resort and gaming business. Aside from being the sole licensed casino operator in Malaysia, the company's sound competitive position is supported by its strong "Genting" brand in Asia and
