The rating agency Moody’s has raised Cambodian gaming operator NagaCorp’s outlook from negative to stable, citing liquidity improvements.

The Philippines is likely to exit the “grey list” of the Financial Action Task Force (FATF) soon, despite a high incidence of money laundering, mainly in the gaming sector, says a Moody’s analyst.

Moody's Investors Service has upgraded Melco Resorts Group's credit rating from 'negative' to 'stable' due to the fast recovery in Macau.

Moody’s analysts have upgraded Playtech’s corporate family rating to Ba2, from Ba3, as well as the company’s probability of default rating (to Ba2-PD).

Analysts at ratings agency Moody’s are expecting Macau’s gross gaming revenue this year to rise to just 45 percent of 2019 levels ‘because of the extent of deterioration during the pandemic, and strict regulations on junket operations that will constrain the VIP segment’.

Ratings agency Moody’s has placed Cambodian casino operator NagaCorp under review, with a possibility to change its outlook to negative over concerns on its $472 million bond coming due in July of 2024.

Ratings agency Moody’s has changed its outlook on Genting Berhad and Genting Singapore, shifting the rating to stable from negative.

With signs of post-pandemic recovery, Genting Singapore Ltd’s third quarter numbers for fiscal 2022 are expected to improve with the credit pack of the company to remain strongly anchored, said Moody’s in its latest report.

Geographic diversity and lower cost structures will be key differentiators when it comes to assessing the credit metrics of Macau’s operators as the earnings recovery lags, Moody’s Investors Service said. 

SJM Holdings’ credit rating has been confirmed at its current level after the operator managed to refinance its loans, but the outlook was cut to negative by Moody’s.