Moody's downgrades Genting, Genting Overseas Holdings

However, Moody's expects Genting Bhd to maintain excellent liquidity on a holding company basis, helped by its sizeable cash position of RM3.5bil as of Dec 31, 2019 with no debt maturity until 2022.

KUALA LUMPUR: Moody's Investors Service has downgraded the issuer rating of Genting Bhd to Baa2 from Baa1.

In its rating announcement on Tuesday, Moody's also downgraded the issuer rating of Genting Overseas Holdings Ltd (GOHL), a unit of Genting Bhd, to Baa2 from Baa1.