October 31, 2008
Standard & Poor's Ratings Services on Friday lowered Las Vegas Sands Corp.'s (LVS) corporate credit rating to B from B+ and further downgrade possible. The rating remains on CreditWatch with negative implications. The downgrade reflects the ratings agency's continuing concerns regarding the weakening U.S. economy and its likely effect on gaming markets, such as Las Vegas, said Ben Bubeck, an S&P credit analyst. S&P said the company's performance will continue to be pressured for the next few quarters.
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