Summary: Golden Nugget LLC Dec 11
- ID: 2032400
- December 2011
- Standard & Poors
Standard & Poor's Ratings Services' 'B' corporate credit rating on Atlantic City-based Golden Nugget LLC reflects our assessment of the company's financial risk profile as "highly leveraged" and our assessment of the company's business risk profile as "vulnerable", according to our criteria. Our assessment of Golden Nugget's financial risk profile as "highly leveraged" reflects the risks associated with turning around an underperforming asset in a gaming market facing intense competitive pressure and currently weak credit measures. Our view that management's planned investments in the property will generate a sufficient return on investment to meet our estimate of fixed charges only partially offsets these negative rating factors. Our assessment of Golden Nugget's business risk profile as "vulnerable" reflects its reliance on...
Companies mentioned in this report are: Golden Nugget LLC
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