from
S&P Credit Research839 word report
published Aug 31, 2009
Price
$100.00 available for immediate download
Report Overview
Search Inside
About
S&P Credit Research
| Abstract: | Detroit, Mich. casino operator CCM Merger has a meaningful cushion relative to its financial covenants and we now expect operating performance to exceed our earlier projections. We have raised our corporate credit rating on the company to 'B' from 'B-'. The stable rating outlook reflects that our revised expectations for EBITDA and free cash flow generation will enable the company to maintain credit measures at levels in line with the new rating. NEW YORK (Standard&Poor's) Aug. 31, 2009--Standard&Poor's Ratings Services today raised its corporate credit rating on Detroit, Mich.-based casino operator CCM Merger Inc. to 'B' from 'B-'. We removed the rating from CreditWatch, where it was placed with positive implications July 23, 2009. The rating
|
| Brief Excerpt: | RESEARCH Ratings Definitions CCM Merger Rating Raised To 'B' From 'B-', Outlook Stable Publication date: 31-Aug-2009 Primary Credit Analyst: Michael Listner, New York (1) 212-438-2788; michael_listner@standardandpoors.com Secondary...
|
| Report Type: | Ratings Action
|
| Issuer: | CCM Merger Inc.
|
| GICS: | Casinos & Gaming (25301010)
|
| Sector: | Global Issuers
|
| Country: | United States
|
| Region: | United States
|
| Free Sample: |
Click Here to Download
|
| Format: | | HTML |  |
|
S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
Also from S&P Credit Research
- Research Update: CCM Merger Inc. Rating Raised To 'B' From 'B-', Outlook Stable $175.00
Detroit, Mich. casino operator CCM Merger has a meaningful cushion relative to its financial covenants and we now expect operating performance to exceed our earlier projections. We have raised our corporate credit rating on the company to 'B' ...
- CCM Merger 'B-' Rating Placed On CreditWatch Positive $100.00
Based on information from the Michigan Gaming Control Board, we now expect CCM Merger's operating performance to exceed our earlier projections for the company. We placed our 'B-' corporate credit rating for CCM Merger on CreditWatch with positive ...
- Research Update: CCM Merger Inc. 'B-' Rating Placed On Watch Positive $175.00
Based on information from the Michigan Gaming Control Board, we now expect CCM Merger's operating performance to exceed our earlier projections for the company. We placed our 'B-' corporate credit rating for CCM Merger on CreditWatch with positive ...
- CCM Merger Inc. 'B-' Corporate Credit Rating Affirmed With Negative Outlook $100.00
NEW YORK (Standard&Poor's) Feb. 3, 2009--Standard&Poor's Ratings Services said today it affirmed its 'B-' corporate credit rating on Detroit-based CCM Merger Inc. and removed it from CreditWatch, where it was placed with negative implications ...
- Research Update: CCM Merger Inc. 'B-' Corporate Credit Rating Affirmed; Outlook Negative $175.00
On Feb. 3, 2009, Standard&Poor's Ratings Services affirmed its 'B-' corporate credit rating on Detroit-based CCM Merger Inc. and removed it from CreditWatch, where it was placed with negative implications on Dec. 5, 2008. The rating outlook ...
- CCM Merger Rating Cut To 'B-' And Placed On CreditWatch Negative $100.00
NEW YORK (Standard&Poor's) Dec. 5, 2008--Standard&Poor's Ratings Services today lowered its corporate credit rating on Detroit, Mich.-based CCM Merger Inc. to 'B-' from 'B'. This rating, along with all issue-level ratings on the company, was ...
- Research Update: CCM Merger Rating Lowered To 'B-' And Placed On CreditWatch Negative $175.00
On Dec. 5, 2008, Standard&Poor's Ratings Services lowered its corporate credit rating on Detroit, Mich.-based CCM Merger Inc. to 'B-' from 'B'. This rating, along with all issue-level ratings on the company, was placed on CreditWatch with negative ...
- CCM Merger Inc. 'B' Rating Outlook Revised To Negative $100.00
NEW YORK (Standard&Poor's) Sept. 29, 2008--Standard&Poor's Ratings Services today revised its rating outlook on Detroit, Mich.-based CCM Merger Inc. to negative from stable. Ratings on the company, including the 'B' corporate credit rating, ...
