S&P: Las Vegas Sands on watch

Standard & Poor's said it placed its BB corporate credit rating on Las Vegas Sands Corp., as well as all issue-level ratings, on CreditWatch with positive implications.

"The CreditWatch listing reflects our belief that Las Vegas Sands may be in the position to maintain credit measures in line with a higher rating, even incorporating substantial development spending over the next few years," said S&P credit analyst Ben Bubeck in a news release.

Although large potential future developments could result in some temporary deterioration to the company's current financial profile, which is good for the current rating, S&P said it believes Las Vegas Sands' operating performance and liquidity have likely strengthened sufficiently to absorb future spending at a higher rating level.

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