S&P to Downgrade Melco Resorts’ Credit

S&P Global Ratings, an American credit rating agency, may soon downgrade the credit of Melco Resorts & Entertainment and its Studio City. The reason for this is S&P’s doubts that Macau, a key region for Melco’s business, will recover from the pandemic anytime soon. S&P commented that Melco’s mass GGRContinue Reading