
Fitch downgrades GEN Bhd as substantial capex in Singapore, New York slows deleveraging
Fitch Ratings on Monday downgraded the long-term issuer default rating of gaming and plantations conglomerate Genting Bhd to ‘BBB-’, from ‘BBB’, with a ‘stable’ outlook, as the rating agency expects its pace of deleveraging to be “slow” due to “substantial” capital commitments to expand key gaming…













