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NagaCorp Downgraded to B by S&P; Dollar Bonds Trend Lower

by Arundhati Behera | Mar 7, 2023 | Credit Ratings

Cambodia-based hotel and gaming operator NagaCorp was downgraded to B from B+ by S&P. The rating agency noted that NagaCorp faces refinancing risk for a $472mn bond due July 2024, while adding that it “faces a deteriorating capital structure”. NagaCorp...

NagaCorp Downgraded to B by S&P; Dollar Bonds Trend Lower

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