S&P Global believes COVID-19 will hit Genting Group hard in 2020
KUALA LUMPUR (March 12): S&P Global Ratings revised its outlook on Genting Bhd to negative from stable to reflect its view that Genting Bhd's revenue and EBITDA will drop by 20%-25% and 25%-30% respectively in 2020 because of the ongoing COVID-19 outbreak.