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SkyCity on S&P negative credit watch after casino closures

SkyCity bond yield spiked to 9% as investors assess negative cashflow risk.

Andrew Bevin Wed, 25 Mar 2020

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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Andrew Bevin Wed, 25 Mar 2020
Contact the Writer: andrew@nbr.co.nz
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SkyCity on S&P negative credit watch after casino closures
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