Vegas Wire: CityCenter bonds looking better - pressofAtlanticCity.com

CityCenter bonds are looking like a better bet, according to investment adviser Moody’s.
Moody’s upgraded its view of CityCenter’s roughly $1.5 billion of debt Monday, saying the prospects of increased visitation to Las Vegas this year helps the 67-acre, multiple development Strip complex.
CityCenter, anchored by the 4,004-room Aria hotel-casino, is owned 50-50 by MGM Resorts International and Dubai World, the investment arm of the Persian Gulf emirate. MGM Resorts manages the venture.
Moody’s in a note to investors said modest economic growth and higher corporate profits are likely to support rising visitation and convention attendance in 2012.

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