Genting Singapore trails MBS, but helps anchor Malaysian parent group’s finances
With the group facing credit downgrades, its Singapore operation’s steady earnings are key for its US expansion
[KUALA LUMPUR] Genting Singapore may be losing ground to Marina Bay Sands, but it remains an important contributor to its Malaysian parent at a time when the gaming and leisure giant’s credit ratings are under pressure.
Genting Berhad sits at the lowest investment-grade rating with three major agencies. Moody’s downgraded Genting Berhad to Baa3 in December 2025, and S&P Global Ratings lowered its rating in the same month to BBB- with a negative outlook.
Fitch Ratings also cut Genting Berhad’s long-term issuer default rating to BBB- on Sep 8. It cited heavy capital spending on casino expansion projects in New York and Singapore, a slower earnings ramp-up in New York and a gradual recovery elsewhere in the group’s gaming operations.
