{"id":777035784,"date":"2025-12-09T07:59:51","date_gmt":"2025-12-09T10:59:51","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777035784"},"modified":"2026-04-21T16:12:29","modified_gmt":"2026-04-21T19:12:29","slug":"moodys-downgrades-genting","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/moodys-downgrades-genting","title":{"rendered":"Moody’s downgrades Genting credit ratings"},"content":{"rendered":"\n

Moody\u2019s Ratings has downgraded Genting Berhad and two of its subsidiaries, Genting Overseas Holdings and Genting Singapore.<\/p>\n\n\n\n\n\n\n\n

Malaysia.- Moody\u2019s Ratings has downgraded Genting Berhad and two of its subsidiaries, Genting Overseas Holdings and Genting Singapore, citing increased debt and slower earnings recovery.<\/p>\n\n\n\n

The agency downgraded Genting Berhad and Genting Overseas Holdings from Baa2 to Baa3 and Genting Singapore from A3 to Baa1, with a stable outlook. It also downgraded the backed senior unsecured notes issued by GOHL Capital, a wholly owned subsidiary of Genting Overseas Holdings, from Baa2 to Baa3. The notes are guaranteed by Genting Overseas Holdings.<\/p>\n\n\n\n

Moody\u2019s Ratings analyst Anthony Prayugo said: \u201cThe ratings downgrade reflects Genting Berhad\u2019s already weak position due to prolonged deleveraging amid slower than expected earnings recovery, further strained by increased debt to fund its take-over offer for Genting Malaysia Berhad and expected spending following the potential award of a downstate New York City commercial casino licence<\/a>.\u201d<\/p>\n\n\n\n

Prayugo added: \u201cThe stable outlook reflects our expectation that earnings will continue to improve at Genting\u2019s operations in Singapore and Las Vegas, that execution risk for its downstate New York City project remains minimal such that the project will be earnings accretive by the second half of 2026, supporting a recovery in credit metrics, and that the group will not undertake any additional debt-funded expansion projects.\u201d<\/p>\n\n\n\n

Genting has continued to build its stake in Genting Malaysia<\/a> despite the deadline passing on its privatisation offer. Meanwhile, Genting New York’s application for a full casino licence has been advanced to the final licensing review stage with the New York State Gaming Commission, which is expected to issue licences by December 31, 2025.<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t\"\"<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Genting raises US$216m to support takeover of Genting Malaysia<\/a>\n\t\t\t\t<\/p>\n<\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

Moody\u2019s Ratings has downgraded Genting Berhad and two of its subsidiaries, Genting Overseas Holdings and Genting Singapore.<\/p>\n","protected":false},"author":226,"featured_media":777031337,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Moody's Ratings has downgraded Genting Berhad and its subsidiaries, Genting Overseas Holdings and Genting Singapore, citing increased debt from M&A activities and slower-than-expected earnings recovery. The stable outlook reflects anticipated earnings improvement from existing operations and the potential earnings accretion from a downstate New York City commercial casino licence by H2 2026.","focusai_entities":"Moody\u2019s Ratings, Genting Berhad, Genting Overseas Holdings, Genting Singapore, GOHL Capital, Genting Malaysia Berhad, Genting New York, New York State Gaming Commission, Anthony Prayugo","focusai_location":"Malaysia, Singapore, Las Vegas, New York City","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Impact on Capital Structure","query":"How might this credit rating downgrade influence Genting Berhad's cost of capital for future debt-funded expansion projects, particularly given the stable outlook's caveat against additional debt?"},{"label":"NYC License Financial Impact","query":"What specific financial projections underpin Moody's expectation of earnings accretion from the downstate New York City commercial casino licence by H2 2026, and what are the key execution risks?"}],"footnotes":""},"categories":[163,16333],"tags":[24145,19394,23687],"class_list":["post-777035784","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-genting-group","tag-genting-malaysia","tag-genting-singapore"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777035784","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777035784"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777035784\/revisions"}],"predecessor-version":[{"id":777035794,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777035784\/revisions\/777035794"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777031337"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777035784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777035784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777035784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}