Fitch Affirms and Withdraws Wynn Resorts' Ratings

NEW YORK--()--Fitch Ratings has affirmed and withdrawn the ratings of Wynn Resorts, Ltd and its subsidiaries. Fitch has withdrawn the ratings for commercial reasons.

RATING SENSITIVITIES

Rating Sensitivities are not applicable as the ratings have been withdrawn.

FULL LIST OF RATING ACTIONS

Fitch has affirmed and withdrawn the following ratings:

Wynn Resorts, Limited

--Issuer Default Rating (IDR) at 'BB'; Outlook Stable.

Wynn Las Vegas, LLC

--IDR at 'BB'; Outlook Stable;

--Senior secured first mortgage notes at 'BB+/RR2';

--Senior unsecured notes at 'BB/RR4'.

Wynn America, LLC

--IDR at 'BB'; Outlook Stable;

--Senior secured credit facility at 'BB+/RR2'.

Wynn Resorts (Macau), SA

--IDR at 'BB'; Outlook Stable;

--Senior secured credit facility at 'BBB-/RR1'.

Wynn Macau, Ltd

--IDR affirmed at 'BB'; Outlook Stable;

--Senior notes at 'BB/RR4'.

Date of Relevant Rating Committee: July 18, 2016

Additional information is available on www.fitchratings.com.

Applicable Criteria

Corporate Rating Methodology - Including Short-Term Ratings and Parent and Subsidiary Linkage (pub. 17 Aug 2015)
https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=869362

Recovery Ratings and Notching Criteria for Non-Financial Corporate Issuers (pub. 05 Apr 2016)
https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=879564

Additional Disclosures

Dodd-Frank Rating Information Disclosure Form
https://www.fitchratings.com/creditdesk/press_releases/content/ridf_frame.cfm?pr_id=1009119

Solicitation Status
https://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=1009119

Endorsement Policy
https://www.fitchratings.com/jsp/creditdesk/PolicyRegulation.faces?context=2&detail=31

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Contacts

Fitch Ratings
Primary Analyst:
Alex Bumazhny, CFA, +1-212-908-9179
Senior Director
Fitch Ratings, Inc.
33 Whitehall Street
New York, NY 10004
or
Secondary Analyst:
Colin Mansfield, CFA, +1-212-908-0899
Associate Director
or
Committee Chairperson:
Michael Paladino, CFA, +1-212-908-9113
Managing Director
or
Media Relations:
Alyssa Castelli, +1-212-908-0540
New York
alyssa.castelli@fitchratings.com

Contacts

Fitch Ratings
Primary Analyst:
Alex Bumazhny, CFA, +1-212-908-9179
Senior Director
Fitch Ratings, Inc.
33 Whitehall Street
New York, NY 10004
or
Secondary Analyst:
Colin Mansfield, CFA, +1-212-908-0899
Associate Director
or
Committee Chairperson:
Michael Paladino, CFA, +1-212-908-9113
Managing Director
or
Media Relations:
Alyssa Castelli, +1-212-908-0540
New York
alyssa.castelli@fitchratings.com