S&P rates SeaWorld loans BB-

Standard & Poor's said it assigned SeaWorld Parks & Entertainment Inc.'s proposed $1.4 billion term loan B-2 due 2020 and the company's $192.5 million revolver due 2018 its BB- issue-level rating (one notch higher than the B+ corporate credit rating on the company), with a recovery rating of 2.

The 2 recovery rating indicates an expectation for substantial (70% to 90%) recovery for lenders in the event of a payment default.

S&P's B+ corporate credit rating on SeaWorld reflects the agency's assessment of the company's business risk profile as "fair" and its assessment of the company's financial risk profile as "aggressive."

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