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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

  • Published: 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 READ MORE >

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

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