New Cotai Bonds in Distress as S&P Cuts View on Macau Casino

  • 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.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.