Cinemark 'B+' Rating Outlook Revised To Positive On Good Operating Performance And Declining Leverage Dec 10
- ID: 1822936
- December 2010
- Standard & Poors
U.S.-based movie exhibitor Cinemark has been outperforming its peers, and leverage has declined. We are revising our 'B+' rating outlook on the company to positive from stable. The positive outlook reflects the potential for the rating to be upgraded if we become convinced that the company can maintain leverage around 5x with adequate liquidity. NEW YORK (Standard & Poor's) Dec. 29, 2010--Standard & Poor's Ratings Services revised its rating outlook on Plano, Texas-based Cinemark Holdings Inc. and its operating subsidiary, Cinemark Inc., to positive from stable. Ratings on the company, including the 'B+' corporate credit rating, were affirmed. The 'B+' rating on Cinemark Holdings Inc. reflects our expectation that leverage and capital spending will remain relatively high, but that the...
Companies mentioned in this report are: Cinemark Holdings Inc.,Cinemark Inc.,National CineMedia LLC,National CineMedia Inc.
Action: Outlook: Positive
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Cinemark Holdings Inc.,Cinemark Inc.,National CineMedia LLC,National CineMedia Inc.