Moody’s upbeat about Genting’s outlook

Moody’s analyst Tay Yu Sheng said the change in perspective of the entities to stable and its ratings affirmation reflect its expectation that credit metrics across the Genting group will improve over the next 12 to 18 months.

PETALING JAYA: Local gaming titan Genting Bhd’s rating of Baa2 has been affirmed by Moody’s Investors Service, which has also posted the same rating for Genting’s associate company Genting Overseas Holdings Ltd (GOHL).

Subsidiary Genting Singapore (Ltd), meanwhile, has received the A3 issuer rating, which is two notches higher than the Baa2, itself being the ninth highest in Moody’s Long-term Corporate Obligation ranking.