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Moody's downgrades CEC Entertainment's PDR to D-PD following Chapter 1...

Rating Action: Moody's downgrades CEC Entertainment's PDR to D-PD following Chapter 11 filing. Global Credit Research- 26 Jun 2020. New York, June 26, 2020-- Moody's Investors Service, downgraded CEC Entertainment, Inc.' s probability of default rating to D-PD from Caa3-PD following the company's announcement that it has commenced voluntary Chapter 11 proceedings.

Moody's announces completion of a periodic review of ratings of CEC En...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of CEC Entertainment, Inc.. Global Credit Research- 04 May 2020. New York, May 04, 2020-- Moody's Investors Service has completed a periodic review of the ratings of CEC Entertainment, Inc. and other ratings that are associated with the same analytical unit.

CEC Entertainment, Inc.: Update following downgrade to Caa3 with a neg...

Our credit view of CEC Entertainment, Inc. reflects the negative impact of unit closures due to COVID-19, the company high leverage and creation of a restructuring committee.

Moody's downgrades CEC Entertainment to Caa3; outlook negative

Rating Action: Moody's downgrades CEC Entertainment to Caa3; outlook negative. Global Credit Research- 21 Apr 2020. New York, April 21, 2020-- Moody's Investors Service, downgraded CEC Entertainment, Inc.' s corporate family rating to Caa3 from Caa1, its probability of default rating to Caa3-PD from Caa1-PD, its first lien term loan and revolving credit facilities to Caa2 from B3, and its senior unsecured notes to Ca from Caa3.

CEC Entertainment, Inc.: Update following downgrade to Caa1 with a neg...

Our credit view of CEC Entertainment, Inc. reflects the negative impact of unit closures due to COVID-19 and the company high leverage.

Moody's downgrades CEC Entertainment to Caa1; outlook negative

Rating Action: Moody's downgrades CEC Entertainment to Caa1; outlook negative. Global Credit Research- 25 Mar 2020. New York, March 25, 2020-- Moody's Investors Service, downgraded CEC Entertainment, Inc.' s corporate family rating to Caa1 from B3, its probability of default rating to Caa1-PD from B3-PD, its first lien term loan and revolving credit facilities to B3 from B2, and its senior unsecured notes to Caa3 from Caa2.

CEC Entertainment, Inc.: Loan Covenant Quality Snapshot

Overall, the covenant package of CEC Corporation, Inc. provides weak ↑ protection (3.76).

CEC Entertainment, Inc.: Update following confirmation of B3 CFR and s...

Our credit view of CEC Entertainment, Inc. reflecting the company’s improved same store sales, scale, and good margins, constrained by high leverage level.

Moody's rates CEC Entertainment's proposed revolver and 1st lien term ...

Rating Action: Moody's rates CEC Entertainment's proposed revolver and 1st lien term loan B2, confirms B3 CFR; outlook is stable. Global Credit Research- 31 Jul 2019. New York, July 31, 2019-- Moody's Investors Service today assigned B2 ratings to CEC Entertainment, Inc.' s proposed first lien senior secured revolving credit facility and $760 million first lien senior secured term loan.

Moody's announces completion of a periodic review of ratings of CEC En...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of CEC Entertainment, Inc.. Global Credit Research- 14 Jun 2019. New York, June 14, 2019-- Moody's Investors Service has completed a periodic review of the ratings of CEC Entertainment, Inc. and other ratings that are associated with the same analytical unit.

CEC Entertainment, Inc.: Update following rating under review for upgr...

CEC (B3, RUR) is constrained by its high leverage and weak coverage. Recent same store sales trends and technology initiatives and remodels, should drive modest credit metric improvement.

Moody's reviews CEC Entertainment's B3 Corporate Family Rating for upg...

Rating Action: Moody's reviews CEC Entertainment's B3 Corporate Family Rating for upgrade. Global Credit Research- 10 Apr 2019. New York, April 10, 2019-- Moody's Investors Service today placed the ratings of CEC Entertainment, Inc. under review for upgrade.

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