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Research Update: Six Flags Rating Raised To 'B+' On Strong EBITDA Growth Nov 10 Product Image

Research Update: Six Flags Rating Raised To 'B+' On Strong EBITDA Growth Nov 10

  • ID: 1831115
  • November 2010
  • Standard & Poors

Abstract
U.S. theme park operator Six Flags has generated strong EBITDA growth in the first nine months of 2010. The EBITDA growth, combined with a much lower debt balance following Six Flags' emergence from bankruptcy and an adequate liquidity position, has resulted in a credit profile in line with a higher rating. We are raising our corporate credit rating on Six Flags to 'B+' from 'B'. The stable rating outlook reflects our expectations for adequate intermediate-term liquidity and that credit measures will remain in line with the 'B+' rating despite only a gradual economic recovery. On Nov. 3, 2010, Standard & Poor's Ratings Services raised its corporate credit rating Grand Prairie, Texas?based theme park operator Six Flags Entertainment Corp. to 'B+'...

Companies mentioned in this report are:
- Six Flags Entertainment Corp.
- Six Flags Theme Parks Inc.

Action: Upgraded

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.

Note: Product cover images may vary from those shown

- Six Flags Entertainment Corp.
- Six Flags Theme Parks Inc.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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