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MGM Credit Rating Lowered Further Into Junk Territory by Moody’sWritten by: Todd Shriber

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Moody’s Investors Service trimmed MGM Resorts International’s (NYSE:MGM) credit rating to “B1” from “Ba3”, moving the casino operator’s grade one notch further into non-investment grade territory. Among other issues, Moody’s cites ongoing weakness in Macau as one of the reasons for the downgrade. MGM owns almost 56 percent of MGM China. The downgrade reflects the
The post MGM Credit Rating Lowered Further Into Junk Territory by Moody’s appeared first on Casino.org.
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