MGM Mirage received rating cuts from both Moody's Investors Service and Standard & Poor's last week.
According to MarketWatch, Standard & Poor's decreased its corporate credit and issue-level ratings due to liquidity and debt covenants concerns, and Moody’s slashed its probability of default rating to “Caa1” from “B1” and its corporate family rating to “B3” from “B1” because of similar liquidity worries.
MGM is also drawing attention in Detroit with residents requesting the removal of the company’s “demon”-like billboard promoting the Grand Detroit casino.