Moody's assigns Vail Resorts' CFR of Ba3 CFR; senior unsecured notes rated B2
Rating Action: Moody's assigns Vail Resorts' CFR of Ba3 CFR; senior unsecured notes rated B2. Global Credit Research- 29 Apr 2020. New York, April 29, 2020-- Moody's Investors Service, assigned ratings for Vail Resorts, Inc. including a Ba3 Corporate Family Rating, a Ba3-PD Probability of Default Rating, and a Speculative Grade Liquidity rating of SGL-1.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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