SKYCITY Entertainment Group Limited (SKYZF) has released an update.
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SKYCITY Entertainment Group Ltd. has maintained its ‘BBB-‘ rating with a stable outlook despite facing lower gaming revenues and higher regulatory costs and capital expenditures. The debt-to-EBITDA ratio is expected to peak at 2.9x in fiscal 2024 but will stay within acceptable rating thresholds, with proactive debt reduction measures anticipated to improve the ratio to 2.0x by fiscal 2026.
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