Moody's assigns Ba3 CFR to Crown Resorts, withdraws issuer rating; remains under review
Moody's Investors Service ("Moody's") has assigned a Ba3 corporate family rating (CFR) to Crown Resorts Limited and withdrawn the company's Baa3 issuer rating. The CFR has been placed on review for downgrade. The outlook remains ratings under review. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICA...Crown Resorts is an entertainment and gaming group. Co. owns and operates two resorts, Crown Melbourne, which features the Crown Towers Melbourne hotel, Crown Metropol Melbourne hotel, and the Crown Promenade Melbourne hotel; and Crown Perth, which features the Crown Metropol Perth hotel and the Crown Promenade Perth hotel. In the U.K., Co. owns and operates Crown Aspinall in London, a casino in the West End entertainment district. Co. also holds equity interest in Melco Crown Entertainment, a developer, owner and operator of resorts in Macau and the Philippines. The resorts include: City of Dreams Macau, Macau Studio City, and City of Dreams Manila.
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