Moody's affirms Vail's Ba2 CFR and Ba3 rating on the existing $600 million senior unsecured notes
Moody's Ratings ("Moody's") affirmed Vail Resorts, Inc.'s ("Vail") Ba2 Corporate Family Rating (CFR) and Ba2-PD Probability of Default Rating (PDR). Concurrently, Moody's affirmed the Ba3 rating for the company's existing $600 million senior unsecured notes due 2025. The outlook is stable. Moody's...Vail Resorts is a holding company and operates through various subsidiaries. The company's business segments include: Mountain, which operates various mountain resort properties and three urban ski areas, as well as ancillary services; Lodging, which provides a range of services to guests, including owned and managed lodging properties, managed condominium units, National Park Service concessionaire properties, a resort ground transportation company, and the company-owned mountain resort golf courses; and Real Estate, which includes the sale of land parcels to third-party developers and planning for future real estate development projects, including zoning and acquisition of applicable permits.
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