MGM's huge debt and weak bond rating is a Major Concern
The following is the remarks made by Motley Fool Bill Edson
It appears that MGM has gotten old, tired, and burdened by debt. 76% of its working capital is debt and with a weak bond rating, it may be a tough road ahead for this company who still believes in growth in American casinos. Not cashing in on China is a catastrophic error, and without it, MGM doesn't have any chance of catching Las Vegas Sands in revenues or profits.