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Finance: S&P downgrades Six Flags credit

Posted at 2:01 PM EDT (1801 GMT)

Jul. 20th, 2004 -- After hearing the news of Six Flag's recent report saying that their June attendance was less than expected Standard & Poor's has downgraded Six Flag's credit outlook. S&P believes that Six Flag's ratio of debt to earnings will rise from 8 in 2003 to 8.5 by the end of this year. This will make it harder for Six Flags to get more loans if it needs them.

Six Flags total debt as of right now is estimated at $2.4 billion.

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M_Force_2002 Joined: Aug 2001 Posts: 132 View Park/Ride Count	So much for trying to build a really expensive ride without credit...... The Winner: Cedar Fair The Looser: Coaster Enthusiasts
7/21/2004 8:40 AM
bk2004 Joined: Oct 2003 Posts: 7743 View Park/Ride Count	$2.4 billion!¡!¡ I had no idea that it was that much
7/21/2004 4:27 PM
Magnum Robert Joined: Sep 2003 Posts: 3196 View Park/Ride Count	^ Yeah, that's right up there with EuroDisney, lol. Hooray for Paramount, Busch, and Cedar Fair (and of course the well-run family-owned parks).
8/13/2004 6:16 PM

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