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Six Flags Exit Financing Rated; 'B' Corporate Credit Rating Assigned May 10 Product Image

Six Flags Exit Financing Rated; 'B' Corporate Credit Rating Assigned May 10

  • Published: May 2010
  • Standard & Poors

Abstract
U.S. regional amusement park operator Six Flags Entertainment Corp. (formerly Six Flags Inc.) emerged from bankruptcy on April 30, 2010. We are assigning the company's $890 million first-lien credit facilities a rating of 'BB-' with a recovery rating of '1' and its $250 million second-lien term debt a rating of 'B-' with a recovery rating of '5'. We are assigning Six Flags a corporate credit rating of 'B' with a stable outlook. The stable outlook reflects our view that near-term liquidity will be sufficient to support the 'B' rating. CHICAGO (Standard & Poor's) May 5, 2010--Standard & Poor's Ratings Services today assigned its ratings to the $890 million first-lien credit facilities, consisting of a $120 million revolving credit facility due...

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

Action: New Rating
Action: Withdrawn

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 READ MORE >

- Six Flags Entertainment Corp.

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