Moody's eyes SeaWorld for trim

Moody's Investors Service said it placed SeaWorld Parks and Entertainment Inc.'s ratings on review for downgrade, including the B2 corporate family rating, B3-PD probability of default rating and B2 secured credit facility due to the coronavirus outbreak's impact on SeaWorld's ability to operate its amusement parks

SeaWorld announced all of its parks would be temporarily closed until the end of March. There is also an elevated risk the parks will be closed for an additional period which could substantially erode operating performance and significantly pressure liquidity over the remainder of 2020.

The speculative grade liquidity rating was downgraded to SGL3 from SGL2 due to the potential impact on SeaWorld's liquidity. The rating outlook was changed from stable to ratings under review.

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