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Fitch downgrades SJM Holdings on concerns around lower-than-expected Macau market share
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Fitch downgrades SJM Holdings on concerns around lower-than-expected Macau market share
Fitch Ratings has downgraded the Long-Term Foreign-Currency Issuer Default Rating of SJM Holdings Ltd (SJMH) from “BB-” to “B+” due to slower EBITDA growth, which it attributes to the dilution of SJM’s Macau market share from the closure of satellite casinos and continued lacklustre performance at Grand Lisboa Palace (GLP). The ratings agency said that SJM’s recently announced market share of 9.6% in 1Q26 following the closure of satellite casin…
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