New Cotai Bonds in Distress as S&P Cuts View on Macau CasinoBy
Payment-in-kind notes indicated at 42.5 cents Aug. 18: SC Lowy
Bonds issued by units of Silver Point Capital, Oaktree Capital
Bonds issued by U.S. partners in Macau’s casino project Studio City have dropped to distressed levels after gaming revenue in the city entered a third year of declines and S&P Global Ratings lowered its outlook on the project.
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