S&P gives Cedar Fair B+, loan BB-

Standard & Poor's said it assigned its B+ corporate credit rating and positive outlook to Cedar Fair, LP.

At the same time, the agency said it assigned its BB- rating with a recovery rating of 1 to the company's $2.095 billion first-lien senior secured credit facilities.

S&P added that the ratings on Cedar Fair reflect its heightened debt leverage related to the pending $1.24 billion acquisition of Paramount Parks and its large distribution payout history as a result of its master limited partnership structure, noting that these factors are only partially offset by the company's competitive position and its good operating track record.

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