NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed and withdrawn the ratings of Wynn Resorts, Ltd and its subsidiaries. Fitch has withdrawn the ratings for commercial reasons.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Rating Sensitivities are not applicable as the ratings have been withdrawn.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Fitch has affirmed and withdrawn the following ratings: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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