Friday, March 29, 2024
HomeNewsElsewhereLVS sale of Nevada assets a "slight credit negative": Fitch

LVS sale of Nevada assets a “slight credit negative”: Fitch

FOLLOW US

Las Vegas Sands’ sale of its Nevada properties for $6.25 billion is a “slight credit negative,” Fitch Ratings said in a note.

The sale gives the operator more liquidity and improves its overall leverage. However it also takes away an additional source of cash flow and marginally reduces the group’s diversification.

“It also raises some uncertainty about the ultimate use of proceeds,” it said.

AGBrief Editorial
AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

RELATED ARTICLES