05.05.2016 08:22:00
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Crown Resorts Limited -- Moody's: Crown's decision to reduce its MCE stake is credit positive; no immediate ratings impact
Sydney, May 05, 2016 -- Moody's Investors Service says that Crown Resorts Limited's announcement that it has agreed to sell a 6.9% interest in Melco Crown Entertainment (MCE) for around US$800 million is credit positive for Crown, but has no immediate impact on its issuer rating of Baa2, with a stable outlook.