Tuesday, May 22, 2007

S&P may cut MGM deeper into junk on Tracinda talks

(Reuters) - Tracinda said its move could result in a financial
restructuring of the remainder of the casino company, which
controls roughly a third of the famed Strip with properties
such as Luxor, Mandalay Bay and Circus Circus.




S&P said it may cut MGM's corporate credit rating from
"BB," two levels below investment grade.


Read more at Reuters.com Bonds News

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