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Published on 4/11/2023 in the Prospect News Bank Loan Daily.

S&P upgrades Herschend rating

S&P said it raised its issuer credit rating on Herschend Entertainment Co. to BB- from B+.

At the same time, S&P raised the issue-level rating on Herschend's secured debt to BB- from B+, in line with the upgrade of Herschend Entertainment.

The outlook is stable.

“The company ended 2022 with S&P Global Ratings-adjusted debt leverage below 3x and exceeding our prior expectations,” S&P said in a news release.


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