Miami land deal boosts credit rating for GEN Bhd, says Moody’s

Casino investor Genting Malaysia Bhd’s proposed disposal of several land plots in Miami, Florida in the United States, can boost the consolidated liquidity of its parent, Genting Bhd, says Moody’s Investors Service Inc. The ratings house adds that post transaction, Genting Bhd’s cash holdings on a pro forma basis are expected to be MYR27.3 billion […]