Moody's places Genting Group on downgrade watchlist due to acquisition of Genting Malaysia possibly deteriorating credit metrics.

International rating agency Moody's has placed Genting Group's Baa2 issuer rating on its downgrade watch list, primarily because the group plans to voluntarily acquire the remaining 50.6% stake in Genting Malaysia that it does not yet own through debt financing, with a total transaction cost of up t

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