The rating agency Standard & Poor's City Center to "B-" stepped back.
Although freshly printed $ 1.5 billion shares were offered for sale, should the former $ 8.5 billion and 27 hectares of expensive prestige project - a joint venture between Dubai World and MGM resorts - probably the 4004 room hotel-casino with the ailing and dilapidated Harmon Tower have problems to generate the necessary cash flow.
Remains open the question of when and, above all, whether the Notes then due, which due to $ 900 million in 2016 and another $ 600 million will be served in 2017?
0 comments:
Post a Comment