mgm casino detroit89 billion in cash in a sale-leaseback deal.(Image: Las Vegas Review-Journal)That’s the view of Moody’s Investors Service, which says in a recent report the recently announced transaction is credit negative for the gaming company.2 billion in cash on hand and total liquidity of .pechanga casino concerts 2021The transaction is credit negative, given the expectation for a considerable amount of lease obligations related to the transaction to come on the balance sheet (potentially higher than MGM’s consolidated 2020 rent multiple equivalent of around 11x), increasing leverage and financial risk,” said Moody’s.Bonds with any of the three “Ba” ratings on the Moody’s scale are deemed to have speculative elements and are “subject to substantial credit risk.Penn’s 0.river spirit casino resort phone number

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