Weak diversity as a single casino operator in a competitive market. Challenges in operating in an urban location. Operates in a jurisdiction with a high gaming tax rate. High adjusted debt to EBITDA of more than 6.0x over the next two years as the property continues to ramp up. EBITDA coverage of interest in the low-1x area through 2016. The stable rating outlook on CBAC Borrower LLC reflects our view that although credit measures will remain weak over the next several quarters, the property will continue to ramp up operations and increase cash flow generation to a level that is sufficient to service its capital structure. We could lower the rating if EBITDA generation over the next few quarters does
