S&P Global raised its issuer credit ratings on Las Vegas Sands and its subsidiaries, including Sands China, to “BBB-” from “BB+”. The firm also raised its issue-level rating on Sands China’s unsecured debt to “BBB-“. The ratings agency says an accelerating recovery in Macao’s cash flow combined with solid performance in Singapore should “support more rapid deleveraging” for Las Vegas Sands. Macao’s gaming revenue recovery has continued to accelerate, S&P said in a statement.
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