Moody’s affirms Genting’s Baa1 rating, stable outlook

Genting Malaysia expected Resorts World Genting (RWG) to record 30 million visitors annually by 2020, due to the anticipated rise in gaming capacity from the company

KUALA LUMPUR: Moody’s Investors Service has affirmed the Baa1 issuer rating of Genting Bhd with a stable outlook.

“The affirmation reflects’s healthy financial profile, backed by its stable cash flow generation and excellent consolidated liquidity position with sizable holdings of cash-on-hand, as well as a well-managed debt maturity profile,” Moody’s vice-president and senior Analyst Jacintha Poh said.