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Las Vegas Sands Stripped of Investment-Grade Rating by FitchWritten by: Todd Shriber

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Amid a slower-than-expected recovery in Macau, Las Vegas Sands (NYSE:LVS) is the latest casino operator to see its investment-grade credit mark pulled by a major ratings agency. Fitch Ratings recently downgraded the Venetian Macau operator to ‘BB+’ from ‘BBB-‘ while maintaining “credit watch negative” on all Sands ratings. While acknowledging the operator’s prudent fiscal policies,
The post Las Vegas Sands Stripped of Investment-Grade Rating by Fitch appeared first on Casino.org.
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