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Eldorado Resorts LLC Ratings Placed On Watch Negative Following First Quarter Results May 05 Product Image

Eldorado Resorts LLC Ratings Placed On Watch Negative Following First Quarter Results May 05

  • ID: 1787606
  • May 2005
  • Standard & Poors

Abstract
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

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

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