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Research Update: Six Flags Entertainment Corp. Placed On CreditWatch With Positive Implications On Strong Performance Nov 11 Product Image

Research Update: Six Flags Entertainment Corp. Placed On CreditWatch With Positive Implications On Strong Performance Nov 11

  • Published: November 2011
  • Standard & Poors

Abstract
Grand Prairie, Texas-based theme park operator Six Flags Entertainment Corp.'s credit measures continue to improve because of growth in revenue per capita and the realization of cost-control measures it had previously implemented. In addition to recently reporting strong performance in the key September quarter, Six Flag has announced plans to refinance its bank facilities. We are placing our ratings, including our 'BB-' corporate credit rating, on CreditWatch with positive implications. In resolving the CreditWatch listing, we will review the terms of the proposed credit facilities and update our intermediate-term performance expectations to determine whether an upgrade--which we would likely limit to one notch--is warranted. On Nov. 23, 2011, Standard & Poor's Ratings Services placed its ratings, including its 'BB-' corporate...

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

Action: On CreditWatch:Positive

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured READ MORE >

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

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