Fitch affirms MGM Resorts at “BB-” on strong fiscal position, diversification

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Fitch Ratings has affirmed MGM Resorts International and its subsidiaries’ Issuer Default Ratings (IDRs) at “BB-” with a stable outlook, citing strong financial health, conservative policies, and robust liquidity. Despite potential volatility from high-end play and active development plans, Fitch expects MGM’s leverage to remain stable and liquidity sufficient for growth. The rating agency highlighted MGM’s expansive scale, competitive position, and diversification, including MGM China’s strong performance in Macau, as key positive factors.

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