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Research Update: Las Vegas Sands 'BB' Corporate Credit Rating Placed On CreditWatch With Positive Implications Feb 12 Product Image

Research Update: Las Vegas Sands 'BB' Corporate Credit Rating Placed On CreditWatch With Positive Implications Feb 12

  • Published: February 2012
  • Standard & Poors

Abstract
We believe gaming operator Las Vegas Sands Corp.'s financial profile has improved to the point where the company may be able to maintain credit measures in line with a higher rating, even incorporating aggressive development spending over time. We are placing our 'BB' corporate credit rating, as well as all issue-level ratings on the company, on CreditWatch with positive implications. In resolving the CreditWatch listing, we will update our long-term performance expectations, incorporating the potential for substantial expansion expenditures, to determine whether a higher rating is warranted. On Feb. 7, 2012, Standard & Poor's Ratings Services placed its 'BB' corporate credit rating on Las Vegas-based Las Vegas Sands Corp., as well as all issue-level ratings, on CreditWatch with positive implications....

Companies mentioned in this report are: Las Vegas Sands Corp.,Venetian Casino Resort LLC,Las Vegas Sands LLC,VML U.S. Finance LLC
Action: On CreditWatch:Positive

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance READ MORE >

Las Vegas Sands Corp.,Venetian Casino Resort LLC,Las Vegas Sands LLC,VML U.S. Finance LLC

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