We are assigning our 'B' long-term corporate credit rating to international visitor attractions operator Merlin Entertainments Group Luxembourg S.à.r.l. (Merlin). At the same time, we assigned a debt rating of 'B+' and a recovery rating of '2' to Merlin Entertainments Group Luxembourg 2 S.a.r.l.'s proposed £1,255 million senior secured term loan and revolving credit facility. The ratings assume that the group completes its ongoing capital restructuring and bank refinancing as planned. The stable outlook reflects our view that Merlin should be reasonably well-placed to withstand recessionary headwinds. On July 15, 2010, Standard&Poor's Ratings Services assigned a long-term corporate credit rating of 'B' to international visitor attractions operator Merlin Entertainments Group Luxembourg S.à.r.l. (Merlin). The outlook is stable. At
