Moody's: Confirms MGM's "BB-" issuer rating outlook as "stable"

On March 17, Fitch confirmed the issuer default rating (IDR) of MGM Resorts International and its subsidiaries (collectively "MGM Group") as "BB-". The subsidiaries include MGM China Holdings Ltd. Fitch also confirmed MGM's senior secured debt rating as "BB+" with a recovery rating of "RR1"; unsecured debt rating as "BB-" with a recovery rating of "RR4".