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Bulletin: Vail's Ski Season Metrics Report Does Not Affect Rating Or Outlook Jan 12
Standard & Poors, Jan 2012
Abstract
NEW YORK (Standard & Poor's) Jan. 6, 2012--Standard & Poor's Ratings Services said today that its 'BB' corporate credit rating and stable rating outlook on Broomfield, Colo.-based Vail Resorts Inc. are not affected by the company's ski season metrics report released earlier today. The report cited 0.6% and 0.9% growth in season-to-date lift ticket and ski school revenue, respectively, but a 5.6% and 0.7% decline in dining and retail/rental revenue, respectively. The company also reported that season-to-date skier visits to Vail's six mountains were down 15.3%, given unusually low levels of snowfall thus far in the ski season. The season-to-date revenue metrics are currently tracking somewhat below our fiscal 2012 forecast, which incorporates mountain revenue growth in the low- to...
Companies mentioned in this report are: Vail Resorts Inc.
Action: Bulletin
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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