- Language: English
- Published: May 2011
Research Update: Cinemark 'B+' Rating Outlook Revised To Positive On Good Operating Performance And Declining Leverage Dec 10
- Published: 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. On 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 company will continue...
Companies mentioned in this report are: Cinemark Holdings Inc.,Cinemark Inc.,National CineMedia LLC,National CineMedia Inc.
Action: Outlook: Positive
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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Cinemark Holdings Inc.,Cinemark Inc.,National CineMedia LLC,National CineMedia Inc.