7/31/2009-Moody's Investor Service said Friday that it could downgrade its rating on Las Vegas Sands (NYSE:LVS) due to weak Q2 results. Moody's currently holds a B3 corporate family rating on the casino operator. According to a Marketwatch article Moody's said, "The review for downgrade also acknowledges that there is no definitive agreement or plan to sell non-core assets in Macau at this time." Shares of Las Vegas Sands (NYSE:LVS) are trading over 16% lower after the casino operator turned in a 7-cent loss, compared to consensus estimates for a 1-cent loss.

Contact Chip Brian

SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at www.TradeTheTrend.com/signup.html