- Language: English
- Published: October 2012
- Region: Argentina
Summary: Odeon & UCI Cinemas Group Ltd. Jul 12
- Published: July 2012
- Standard & Poors
The rating on U.K.-based leading European cinema operator Odeon & UCI Cinemas Group Ltd. (Odeon) reflects Standard & Poor's Ratings Services' view of the group's "highly leveraged" financial risk profile and "fair" business risk profile, according to our criteria. Our view of Odeon's financial risk profile reflects our forecast that the adjusted debt-to-EBITDA ratio will remain high, and that the group's expansion program will restrict free operating cash flow (FOCF) generation. On the upside, we assess the liquidity profile as "adequate." This is supported by our view of Odeon's fairly flexible capital expenditures (capex); we understand that maintenance capex is about -15 million to -20 million per year and that expansionary and development capex can be cut quickly in the...
Companies mentioned in this report are: Odeon & UCI Cinemas Group Ltd.
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Odeon & UCI Cinemas Group Ltd.