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Melco Resorts Finance Limited -- Moody's assigns Ba2 rating to Melco Resorts Finance's proposed notes

Moody's Investors Service has assigned a Ba2 rating to the proposed senior unsecured US dollar notes to be issued by Melco Resorts Finance Limited (MRF, Ba2 stable). MRF plans to use the note proceeds to partially repay the principal amount outstanding under the 2015 Revolving Credit Facility at its subsidiary Melco Resorts (Macau) Limited. "The Ba2 rating reflects the established operations and high-quality assets of the group under the parent Melco Resorts & Entertainment Limited (MRE), which support its robust cash flow generation and good liquidity," says Sean Hwang, a Moody's Analyst.