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- 23 Apr 2020. New York, April 23, 2020-- Moody's Investors Service today assigned a Ba3 rating to MGM Resorts International's proposed $500 million senior unsecured notes due 2025. The company's Ba3 corporate family rating, Ba3-PD probability of default rating, and Ba3 rated senior unsecured notes are unchanged.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.
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