TITLE

Six Flags Bonds Falter On Shortfall Prediction

AUTHOR(S)
Laughlin, Kate
PUB. DATE
July 2006
SOURCE
Investment Dealers' Digest;7/3/2006, Vol. 72 Issue 26, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Standard and Poor's placed the corporate credit rating of theme park operator Six Flags on negative watch after managers announced that the company would likely not meet its guidance results for the second quarter of 2006 and that it was in danger of not meeting certain covenants in its bank credit agreement. Other rating agencies including Moody's Investors Service gave a negative outlook and downgraded its speculative grade liquidity rating.
ACCESSION #
21558030

 

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