SkyCity on S&P negative credit watch after casino closures
SkyCity bond yield spiked to 9% as investors assess negative cashflow risk.
SkyCity’s government-mandated casino closures to combat the spread of Covid-19 have led to a spike in its bond yields and it has been placed on CreditWatch negative by S&P.
The first casualty was its Adelaide casino, as the Australian government closed all cinemas, bars, casinos and places of
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