It expects Genting New York's operations to recover more strongly than for Genting's other gaming locations, such as Singapore and Malaysia. That's because the company is located at the heart of the metropolitan area of New York and has a low dependency on tourists for gaming revenue.
KUALA LUMPUR: S&P Global Ratings has assigned its 'BBB-' long-term issuer credit rating to Genting New York LLC (Genny) and with a negative oulook.
In a statement on Tuesday, it said the negative outlook on Genny reflects that on its ultimate parent, which is Genting Bhd
(Gent).
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