SkyCity's rating outlook revised

The outlook for SkyCity Entertainment Group's credit rating has been changed to stable from positive by credit rating company Standard & Poor's.

S&P affirmed the casino operator's BBB minus long-term rating.

"The rating and outlook incorporates our expectation that SkyCity will maintain the competitive positioning of its New Zealand and Australian casino assets, underpinned by a supportive licensing environment and measured capital investment," S&P said.

NZPA

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