Vail Resorts Inc. has repaid its 6.5% senior subordinated notes due 2019 using cash on hand and proceeds from its new $250 million term loan facility due 2020. We are withdrawing all ratings, including the corporate credit rating, at the issuer's request. On May 12, 2015, Standard&Poor's Ratings Services withdrew its ratings on Broomfield, Colo.-based Vail Resorts Inc., including our 'BB' corporate credit rating, at the company's request. We are withdrawing our ratings on Vail at the company's request following the redemption of its senior subordinated notes and 6.95% industrial development bonds (unrated) using cash on hand and proceeds from its new $250 million term loan facility under its amended existing credit facility. Methodology And Assumptions: Liquidity Descriptors
