SJM STABLE OUTLOOK BACKED BY EASING LEVERAGE: MOODY’S

SJM Holdings Ltd’s ongoing debt-reduction effort and the expected contribution from the ramping up of its business at the Grand Lisboa Palace casino resort (pictured) in Cotai, supports a ‘Ba3′ corporate family rating and ‘stable’ outlook for the Macau gaming concessionaire, said Moody’s Investors Service Inc. But the ratings agency