Home Credit Ratings and Research S&P Global Ratings’ Credit Research Vail Resorts Inc.

Summary: Vail Resorts Inc.

Published Apr 30, 2013

1859 words — Published Apr 30, 2013

Price US$ 225.00 | Buy this Report Now

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Abstract:

Vulnerability to adverse weather conditions and economic cyclicality Seasonality in ski operations, the largest contributor to Vail's EBITDA Exposure to real estate development risk Strong market position in the U.S. ski industry High barriers to entry in the industry Volatility in cash flows, driven by the real estate segment Adjusted leverage expected to be maintained in the low-to-mid-3.0x area over the long term The stable outlook on Vail Resorts Inc. (Vail) reflects Standard&Poor's Ratings Services' belief that the risk inherent in Vail's real estate segment will be tempered over the intermediate term by the lack of meaningful development projects in the company's pipeline. The outlook also reflects our belief that Vail's adjusted leverage will remain in the low-to-mid-3x

Brief Excerpt:

RESEARCH Summary: Vail Resorts Inc. Publication date: 30-Apr-2013 Primary Credit Analyst: Ariel Silverberg, New York (1) 212-438-1807; ariel_silverberg@standardandpoors.com Secondary Contact: Emile J Courtney, CFA, New York (1) 212-438-7824;...

Report Type:

Summary

Ticker

MTN

Issuer

Vail Resorts Inc.

GICS

Leisure Facilities (25301030)

Sector

Global Issuers

Country

United States

Region

United States

Format:

HTML

Bulletin: Vail Resorts Inc. Ratings Unaffected By Canyons Resort Lease Agreement – 2013/05/31 – Free

Summary: Vail Resorts Inc. – 2014/04/04 – US$ 225.00

Bulletin: Vail Resorts Inc. Ratings Unaffected By Announced Debt Reduction – 2014/06/06 – Free

Bulletin: Vail Resorts Acquisition Of Park City Mountain Resort Will Create One Of The Largest Ski Resorts In The U.S. – 2014/09/12 – Free

Summary: Vail Resorts Inc. – 2015/01/15 – US$ 225.00

Summary: Vail Resorts Inc. – 2012/10/26 – US$ 225.00

Summary: Vail Resorts Inc. – 2012/04/30 – US$ 225.00

Vail Resorts Inc. – 2012/04/30 – US$ 500.00

Bulletin: Vail's Ski Season Metrics Report Does Not Affect Rating Or Outlook – 2012/01/06 – Free

Vail Resorts Inc. – 2011/09/30 – US$ 500.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Summary: Vail Resorts Inc." Apr 30, 2013. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Vail-Resorts-Inc-1123912>

APA:	S&P Global Ratings’ Credit Research. (). Summary: Vail Resorts Inc. Apr 30, 2013. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Vail-Resorts-Inc-1123912>

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