Kaven Tsang is the VP – senior credit officer at Moody’s Investors Service.
Imperial Pacific International Holdings Ltd., the operator of a casino in Saipan, may see a downgrade in its credit rating at Moody’s Investors Service. The ratings agency said it was concerned with the lack of funding for its project to build a new resort on the island. “The review for downgrade reflects our concerns over […]
The agreement to amend certain of the covenants on its $1.4 billion facility are credit positive to Studio City Finance, Moody’s Investors Service says. However, the ratings firm has maintained the company’s B2 family rating, B3 senior unsecured rating and its negative outlook. “The amendment to lower the required number of gaming tables is credit […]
Imperial Pacific Holdings says its resort on the Pacific Island of Saipan will open in the first quarter of this year, despite concern over funding problems for the proposed $7 billion project. The operator, which is currently working out of a temporary facility on the island, had initially planned a Chinese New Year opening, but in a recent stock exchange filing changed the wording about its planned debut to say the Imperial Pacific Resort will hold a soft opening in Q1.