- Published: May 2012
- Region: United States
Research Update: Las Vegas Sands 'BB' Corporate Credit Rating Placed On CreditWatch With Positive Implications Feb 12
- Published: February 2012
- Standard & Poors
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 programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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Las Vegas Sands Corp.,Venetian Casino Resort LLC,Las Vegas Sands LLC,VML U.S. Finance LLC