Our credit view of SJM reflects its high-quality assets, recovery in earnings and improved liquidity, counterbalanced by its geographic concentration and new property ramp-up risk.
Our credit view of this issuer reflects its high-quality assets, earnings recovery and improved liquidity, counterbalanced by its geographic concentration and new property ramp-up risk.
Our credit view of this issuer reflects its geographic concentration and strengthening regulations in Macao and its inherent ramp-up risk associated with GLP.
SJM Holdings' ratings are under review because a failure to complete refinancing in the next few months will lead to a downgrade, whereas timely completion will lead to rating confirmation.
Our credit view of SJM, reflecting its established operations and financial prudence, as well as the uncertain market outlook and the ramp-up risk associated with the new property.