Moody's bets on casino firm's recovery with upgrade

Moody's yesterday upgraded US casino and hotel operator MGM Resorts International to B3 from Caa1 on the back of a modest recovery in demand in the Las Vegas market, debt repayment from equity issuances in 2010, and the completion of a new financing package for its new CityCenter project in Las Vegas

Comment by: Anonymous. Posted 13 years ago [2011-03-04 01:15:13]

7/10 for title