Fitch: Wynn Macau notes BB

Fitch Ratings said it has assigned a BB rating to Wynn Macau, Ltd.'s add-on issuance of $750 million of senior unsecured notes due 2021.

Fitch said it maintains BB issuer default ratings on Wynn Macau, Wynn Resorts (Macau), SA, Wynn Las Vegas LLC and Wynn Resorts, Ltd.

The agency rates Wynn Macau SA's senior secured credit facility BBB- and Wynn Macau, Ltd.'s existing senior unsecured notes BB. At Wynn Las Vegas, Fitch rates the first mortgage notes BB+ and the senior unsecured notes at BB.

The outlook is stable.

The BB rating on the Wynn Macau, Ltd. notes is on par with the BB issuer default rating and two notches below the BBB- rating on the Wynn Macau SA $2.5 billion credit facility, the agency said.

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