...NEW YORK (S&P Global Ratings) Aug. 21, 2017--S&P Global Ratings said today that its 'B' corporate credit rating and positive outlook on Denver, Colo.-based Intrawest Resorts Holdings Inc. (Intrawest) are unaffected by the company's announcement that it has entered into an agreement to acquire Deer Valley Resort. While financial terms of the transaction were not disclosed, we continue to have a positive outlook on the company because it is our understanding from the company that financing for the Deer Valley Resort acquisition will include a significant equity contribution from owners KSL Capital Partners and Henry Crown and Co. As a result, we believe that Intrawest could reduce leverage and sustain lease-adjusted debt to EBITDA below our 6x upgrade threshold by fiscal year 2019 ending in June. Our preliminary assessment is that any potential incremental debt taken on to finance the transaction would have a modest leveraging impact, as the additional debt would be partly offset by Deer...
