Moody's shifts SeaWorld view to positive

Moody's Investors Service said it changed the outlook to positive from negative and affirmed SeaWorld Parks & Entertainment, Inc.'s B3 corporate family rating, B2 senior secured credit facility and secured notes and Caa2 second priority senior secured notes ratings.

“The positive outlook reflects Moody's expectation for a significant improvement in SeaWorld's performance in 2021 and 2022 and good liquidity position to manage through the remainder of the pandemic. While EBITDA is currently negative as of LTM Q1 2021, results and leverage are projected to improve on a year over year basis as trough quarters from 2020 roll off and health restrictions continue to ease,” Moody’s said in a press release.

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