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S&P Credit Research847 word report
published Jul 23, 2009
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S&P Credit Research
| Abstract: | 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 implications, along with all issue-level ratings on the company's debt. The CreditWatch listing reflects that we could raise the corporate credit rating to 'B' if we believe that our revised expectations will enable the company to improve credit measures during 2009. On July 23, 2009, Standard&Poor's Ratings Services placed its 'B-' corporate credit rating for Detroit, Mich.-based casino operator CCM Merger Inc. on CreditWatch with positive implications, along with all issue-level ratings on the company's debt. Our CreditWatch listing reflects
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| Brief Excerpt: | RESEARCH Ratings Definitions Research Update: CCM Merger Inc. 'B-' Rating Placed On Watch Positive Publication date: 23-Jul-2009 Primary Credit Analyst: Michael Listner, New York (1) 212-438-2788; michael_listner@standardandpoors.com...
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| Report Type: | Research Update
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| Issuer: | CCM Merger Inc.
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| GICS: | Casinos & Gaming (25301010)
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| Sector: | Global Issuers
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| Country: | United States
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| Region: | United States
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| Free Sample: |
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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
- CCM Merger Rating Raised To 'B' From 'B-', Outlook Stable $100.00
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' ...
- 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 ...
- 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, ...
