Research Update: Circus And Eldorado Joint Venture's Proposed Senior Secured Notes Assigned Preliminary 'B-' Rating Feb 12
- Language: English
- Published: February 2012
NEW YORK (Standard & Poor's) May 19, 2005--Standard & Poor's Ratings Services placed its ratings on Eldorado Resorts LLC, including its 'B+' issuer credit rating, on CreditWatch with negative implications following the assessment that operating performance at the Eldorado Hotel & Casino for the first quarter ended March 31, 2005, was weaker than previously expected. In resolving the CreditWatch listing, Standard & Poor's will review the trends in the Reno market and assess the intermediate-term implications to credit measures and the entity's liquidity position. Standard & Poor's has determined that if a downgrade were to occur, it would be limited to one notch....
Companies mentioned in this report are: Eldorado Resorts LLC
Action: On CreditWatch:Negative
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Research type: News
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