- Published: November 2011
- Region: Global
Cinemark Holdings Inc. Dec 07
- Published: December 2007
- Standard & Poors
Modern and well-positioned theater circuit; Strong operating performance relative to peers; Experienced management team; and Modest diversity provided by profitable non-U.S. operations. High debt leverage; Participation in a mature, highly competitive industry in the U.S.; Reliance on the popularity of Hollywood films; and Our concerns regarding long-term industry fundamentals. The ratings on Cinemark Holdings Inc. reflect the company's high lease-adjusted leverage and financial risk, the mature and highly competitive nature of the U.S. motion picture exhibition industry, exposure to the fluctuating popularity of Hollywood films, shortening windows between theatrical and DVD/video-on-demand release, and competition from other exhibitors and alternative entertainment sources. These concerns are partially offset by Cinemark's quality theater circuits, the company's above-average profit margins, Cinemark's experienced management team,...
Companies mentioned in this report are: Cinemark Holdings Inc.,Cinemark USA Inc.,National CineMedia Inc.
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: Full Analysis
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Cinemark Holdings Inc.,Cinemark USA Inc.,National CineMedia Inc.