Business
Crown Resorts could be forced to repay $175m if credit rating is cut further – The Guardian
The casino operator is banking on selling apartments at Barangaroo to pay down debt as it awaits the outcome of a NSW government inquiry
James Packers Crown Resorts is in danger of being forced to repay more than $175m if credit ratings agencies continue to mark down the casino empire.
The group is banking on selling apartments at its Barangaroo development, on Sydneys harbour, to reduce its debt load, as it awaits a crucial final report from an inquiry into its affairs that is due to be handed to the New South Wales government by Monday.
In late November, ratings agency Moodys cut Crowns score to Baa3, one notch above junk. It also…
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