Fitch: MGM rating outlook remains Negative
Fitch Ratings has confirmed that the Issuer Default Ratings (IDRs) for MGM Resorts International and MGM China Holdings are at BB-. The agency said that the Rating Outlook remains Negative. The affirmation reflects Fitchs expectation that the gross consolidated leverage will decline to 6.0x (the negative rating sensitivity) by 2023 (i.e. within the rating horizon) []
Fitch: MGM rating outlook remains Negative
Fitch Ratings has confirmed that the Issuer Default Ratings (IDRs) for MGM Resorts International and MGM China Holdings are at BB-. The agency said that the Rating Outlook remains Negative. The affirmation reflects Fitchs expectation that the gross consolidated leverage will decline to 6.0x (the negative rating sensitivity) by 2023 (i.e. within the rating horizon) []