Fitch affirms MGM Resorts’ BB- credit rating with stable outlook
Fitch affirmed MGM Resorts International’s BB- credit rating and assigned a stable outlook. The agency said the rating reflects MGM’s competitive position and diversified assets, while citing development spending, earnings volatility, cost pressures and limited property ownership as offsets. Fitch expects BetMGM’s proportional EBITDA to remain an immaterial share of MGM’s property EBITDAR in 2025.
The rating and outlook inform investors’ assessment of MGM’s credit risk and financial flexibility.