...September 20, 2021 - International restaurant, casino, and hotel owner, manager and franchisor Seminole Hard Rock Entertainment Inc. and Seminole Hard Rock International LLC's (collectively Hard Rock) liquidity position has improved over the past few quarters as EBITDA began recovering from very low levels in 2020 because of property closures and operating restrictions. - Furthermore, as the global public health environment generally improves and most governments ease capacity restrictions for indoor dining and entertainment, we expect Hard Rock's EBITDA to increase to a level that covers cash fixed charges by at least 1x, and enables it to maintain excess cash balances. - We therefore revised our outlook to stable from negative and affirmed all ratings, including our 'B+' issuer-credit rating. - The stable outlook reflects our forecast for Hard Rock to generate enough EBITDA to cover fixed charges by at least 1x, maintain some excess cash, and delever over the next year. SAN FRANCISCO...
