| Title: | Research Update: Deluxe Entertainment Services Outlook Revised To Neg On Covenant Concerns; 'B' Rating Affirmed |
| Price: | $175.00 |
| Publication Date: | May 02, 2008 |
| Report Type: | Research Update |
| Abstract: | On May 2, 2008, Standard&Poor's Ratings Services revised its outlook on Deluxe Entertainment Services Group Inc. to negative from stable based on our concerns regarding the company's narrowing headroom under its progressively tightening financial covenants. At the same time, we affirmed the 'B' corporate credit rating on the company. The ratings on Deluxe reflect the risk of widespread adoption of digital projection; the company's dependence on several large movie studios; the likelihood of advance payments by Deluxe to movie studios to secure contracts; and an aggressive financial policy (evidenced by the company's debt-financed dividend last year). Deluxe's leading market share in motion picture film processing and duplication; good near-term growth prospects in its creative services and European film |
| Brief Excerpt: | RESEARCH Ratings Definitions Research Update: Deluxe Entertainment Services Outlook Revised To Neg On Covenant Concerns; 'B' Rating Affirmed Publication date: ##-May-#### Primary Credit Analyst: Tulip Lim, New York (#) ###-###-####;... |
| Word Count: | 1275 |
| Issuer: | Deluxe Entertainment Services Group Inc. |
| Sector: | Global Issuers, Corporations |
| Country: | United States |
| Region: | United States |
| Format: | 
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