Research Update: Six Flags Rating Raised To 'B+' On Strong EBITDA Growth Nov 10
- ID: 1831115
- November 2010
- Standard & Poors
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.
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Product Type: Research Update
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