MGM Resorts International

MGM Resorts International is a holding company. Through its subsidiaries, the company owns and operates casino, hotel, and entertainment resorts across the United States and in Macau. The company's segments include: Las Vegas Strip Resorts, which consists of casino resorts such as Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, New York-New York, Excalibur, and Park MGM; Regional Operations, which consists of casino resorts such as MGM Grand Detroit, Beau Rivage, Gold Strike Tunica, Borgata, MGM National Harbor, MGM Springfield, Empire City, and MGM Northfield Park; and MGM China, which owns and operates casino resorts and the related gaming subconcession and land concessions.
  • TickerMGM
  • ISINUS5529531015
  • ExchangeNew York Stock Exchange
  • SectorTravel & Leisure
  • CountryUnited States

Moody's announces completion of a periodic review of ratings of MGM Resorts International

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of MGM Resorts International. Global Credit Research- 07 Apr 2021. New York, April 07, 2021-- Moody's Investors Service has completed a periodic review of the ratings of MGM Resorts International and other ratings that are associated with the same analytical unit.

MGM Resorts International: Update following affirmation of Ba3 CFR and negative outlook

Our credit view of MGM Resorts, reflecting its above-average leverage for the Ba rating category.

Moody's rates MGM China's proposed $500 million sr. unsecured notes Ba3, affirms Ba3 CFR; outlook remains negative

Rating Action: Moody's rates MGM China's proposed $500 million sr. unsecured notes Ba3, affirms Ba3 CFR; outlook remains negative. Global Credit Research- 24 Mar 2021. New York, March 24, 2021-- Moody's Investors Service today assigned a Ba3 rating to MGM China Holdings Limited's proposed $500 million senior unsecured notes due 2027. MGM China Holdings Limited is a 55.95% owned discretely financed publicly traded subsidiary of MGM Resorts International.

Valens Research

Valens Credit Weekly Insights - 2021 03 17

Valens Credit Research team highlights MGM, which has a compelling bond offering that we believe the market is currently mispricing, with strong fundamentals, favorable management alignment, and an actionable trade.

Valens Research

MGM - Valens Credit Report - 2021 03 11

Cash bond markets are materially overstating credit risk, with a YTW of 3.667%, relative to an Intrinsic YTW of 1.557%, and CDS markets are overstating credit risk, with a CDS of 195bps, relative to an Intrinsic CDS of 92bps Incentives Dictate Behavior™ analysis highlights mixed signals for debt holders. MGM's compensation framework should focus management on top-line growth and margins, which should drive Uniform ROA expansion. Additionally, management members have low change-in-control compensation, indicating that they may not be incentivized to pursue a sale or accept a takeover of the f...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Growth Surging Relative to Value Note: This report is presented in an abbreviated format, as we are in production of our January US Macro Vision book. As we head into Q4 earnings season we remain bullish on the broad market. Our bullish outlook is supported by the themes highlighted below: • Price Trends Remain Bullish. Price trends for major indexes in the US (large-, mid-, and small-caps) and abroad (MSCI EM and EAFE) remain on bullish trajectories. • Internals are Healthy. Advance/decline lines for large-, mid-, and small-caps (S&P 500, 400, and 600, respectively) remain in uptrends...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Waiting on Small-Caps This market continues to be dominated by signals that suggest we are in the early stages of a new bull phase, which we discuss below. At the same time, small-caps continue to be one area of the market that gives us some reason for pause as neither the Russell 2000 or S&P Small Cap 600 indexes have been able to make bullish price or RS inflections. • Small-Caps Still Below Resistance. The major US large- and mid-cap indexes have all decisively broken out to either all-time highs or 52-week highs, leaving small-caps behind. This situation can only happen for so long bec...

Dave Nicoski ...
  • Ross LaDuke

Vital Signs: Actionable charts

Key Points: • A number of Financial Sector names are at or near bullish price and RS inflections. (ex. WFC, ABCB, SNV, STL, NFBK, FII, and COF) • Many Healthcare Sector names are showing leadership characteristics. (ZBH, CUTR, UHS, HCA, CHE, AMED, WST, and NEOG) • Many IT service related names remain bullish. (ex. FISV, EBOV, GPN, TSS, and EXLS)

Valens Research

Valens Credit Weekly Insights - 2021 03 17

Valens Credit Research team highlights MGM, which has a compelling bond offering that we believe the market is currently mispricing, with strong fundamentals, favorable management alignment, and an actionable trade.

Valens Research

MGM - Valens Credit Report - 2021 03 11

Cash bond markets are materially overstating credit risk, with a YTW of 3.667%, relative to an Intrinsic YTW of 1.557%, and CDS markets are overstating credit risk, with a CDS of 195bps, relative to an Intrinsic CDS of 92bps Incentives Dictate Behavior™ analysis highlights mixed signals for debt holders. MGM's compensation framework should focus management on top-line growth and margins, which should drive Uniform ROA expansion. Additionally, management members have low change-in-control compensation, indicating that they may not be incentivized to pursue a sale or accept a takeover of the f...

Valens Research

Valens Credit Weekly Insights - 2021 02 24

Valens Credit Research Team highlighted ideas for DRI, GPS, and WBT. They have also provided recent analyses for BBY and IBP, while RIG topped the quantitative outlier report for the week.

Valens Research

Valens Credit Weekly Insights - 2021 02 17

Valens Credit Research Team highlighted ideas for AXL, TPR, and UAA. They have also provided recent analyses for GHC, while RIG topped the quantitative outlier report for the week.

Valens Research

Valens Credit Weekly Insights - 2021 02 10

Valens Credit Research Team highlighted ideas for MAT, KTOS, and VREX. They have also provided recent analyses for TRIP and CNC, while RIG topped the quantitative outlier report for the week.

Moody's announces completion of a periodic review of ratings of MGM Resorts International

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of MGM Resorts International. Global Credit Research- 07 Apr 2021. New York, April 07, 2021-- Moody's Investors Service has completed a periodic review of the ratings of MGM Resorts International and other ratings that are associated with the same analytical unit.

MGM Resorts International: Update following affirmation of Ba3 CFR and negative outlook

Our credit view of MGM Resorts, reflecting its above-average leverage for the Ba rating category.

Moody's rates MGM China's proposed $500 million sr. unsecured notes Ba3, affirms Ba3 CFR; outlook remains negative

Rating Action: Moody's rates MGM China's proposed $500 million sr. unsecured notes Ba3, affirms Ba3 CFR; outlook remains negative. Global Credit Research- 24 Mar 2021. New York, March 24, 2021-- Moody's Investors Service today assigned a Ba3 rating to MGM China Holdings Limited's proposed $500 million senior unsecured notes due 2027. MGM China Holdings Limited is a 55.95% owned discretely financed publicly traded subsidiary of MGM Resorts International.

MGM Resorts International - September 2020 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Moody's rates MGM's proposed sr. unsecured notes Ba3

Rating Action: Moody's rates MGM's proposed sr. unsecured notes Ba3. Global Credit Research- 08 Oct 2020. New York, October 08, 2020-- Moody's Investors Service today assigned a Ba3 rating to MGM Resorts International's proposed $500 million senior unsecured notes.

MGM RESORTS sees a downgrade to Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of MGM RESORTS (US), active in the Gambling industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Negative. As of the analysis date January 29, 2021, the closing price was USD 28.56 and its target price was estimated at USD 15.90.

Ford Equity US Rating and Forecast Report

Ford Equity Research covers more than 4,000 stocks using a proprietary quantitative model that evaluates a company’s earnings strength, its relative valuation and recent price movement. Ford’s five recommendation ratings include strong buy, buy, hold, sell, strong sell. For all stocks in our coverage universe, ratings are generated each week and reflect the fundamental and price data as of the last trading day of the week.

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