Cinemark Holdings Inc. Jun 11
Standard & Poors, June 2011
Abstract
Modern and well-positioned theater circuit Strong operating performance relative to peers Modest diversity provided by profitable non-U.S. operations Adequate liquidity Participation in a mature, highly competitive industry in the U.S. Reliance on the popularity of Hollywood films Longer-term threats of entertainment alternatives High debt leverage The 'BB-' rating on Plano, Texas-based motion picture exhibitor Cinemark reflects our expectation that leverage and capital spending will remain relatively high, but that the company will continue to be among the more profitable theater chains. Relatively high leverage underpins our view that Cinemark's financial risk profile is aggressive. Standard & Poor's Ratings Services considers the company's business risk profile as fair. Although we expect Cinemark will continue to outperform its U.S. peers and maintain...
Companies mentioned in this report are: Cinemark Holdings Inc.,Cinemark USA Inc.,Cinemark Inc.
Action: Review
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
Cinemark Holdings Inc.,Cinemark USA Inc.,Cinemark Inc.
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