S&P puts Intrawest on negative watch

Standard & Poor's said it placed Intrawest Corp.'s BB- long-term corporate credit rating and B+ senior unsecured debt rating on CreditWatch with negative implications following the company's announcement that it has retained Goldman Sachs & Co. to explore various options to enhance shareholder value.

The CreditWatch action reflects the potential for the ratings to be negatively affected if Intrawest adopts a more aggressive capital structure no longer suitable for its rating category, the agency said.

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