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Fitch affirms MGM Resorts rating at ‘BB-’, expects steadier growth in Macau
Fitch Ratings has affirmed MGM Resorts International’s issuer default ratings at ‘BB-’ with a stable outlook, largely due to steady growth expected in Macau. The rating reflects the company’s scale, competitive position, and diversification, even while acknowledging developmental risks and earnings volatility. Fitch anticipates Macau will provide steady cash flow, contrasting with potential headwinds in the Las Vegas market.