S&P revises Wynn Resorts to negative

Standard & Poor's said it revised its outlook on Wynn Resorts Ltd. and its subsidiaries to negative from stable.

At the same time, the agency affirmed all ratings, including the BB corporate credit rating.

"The revision of our rating outlook to negative reflects operating underperformance in Macau in the third quarter relative to our previous expectations," S&P credit analyst Melissa Long said in a news release.

"This is driving a more severe EBITDA decline at Wynn's properties than we previously forecast."

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