- Language: English
- Published: December 2011
Summary: Six Flags Inc. Feb 02
- ID: 1831859
- February 2002
- Standard & Poors
The ratings on Six Flags Inc. reflect the company's increasing geographic and cash flow diversity, relatively stable operating performance, and Standard & Poor's expectation that interest coverage will improve modestly despite management's active acquisition orientation. Six Flags operates 37 theme parks, primarily in the U.S. but also in Europe. Broad geographic diversity helps protect cash flow from unfavorable weather, accidents, and other local factors that can negatively affect the performance of theme parks. Six Flags' parks are generally the largest and most extensive in their regions and benefit from significant barriers to entry for potential competitors. Management has successfully pursued a strategy of acquiring underperforming parks and improving their profitability through aggressive capital spending on new rides and attractions, as...
Companies mentioned in this report are:
- Six Flags Entertainment Corp.
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >