S&P: Genting recovery to meet expectations

The rating agency, which has a BBB-/Stable/-- rating on Genting, said the stable outlook reflects its expectation that the group’s credit quality will stabilise.

KUALA LUMPUR: S&P Global Ratings expects Genting Bhd’s ongoing operational recovery to meet its expectations, underpinned by disciplined spending and the reopening of Malaysian borders from April 1.

The rating agency, which has a BBB-/Stable/-- rating on Genting, said the stable outlook reflects its expectation that the group’s credit quality will stabilise.