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Melco Resorts Finance Limited -- Moody's affirms Melco Resorts Finance's Ba2 ratings and assigns Ba2 to proposed notes; outlook stable

Moody's Investors Service has affirmed Melco Resorts Finance Limited's Ba2 corporate family rating as well as the Ba2 senior unsecured rating for the company's existing $1 billion senior unsecured notes due 2025. At the same time, Moody's has assigned a Ba2 rating to the proposed US dollar senior unsecured notes to be issued by Melco Resorts Finance Limited. Melco Resorts Finance plans to use the bond proceeds to partially repay the principal amount outstanding under the 2015 Revolving Credit Facility at its subsidiary Melco Resorts (Macau) Limited.