Print
E-mail
Share
digg
Newsvine
Facebook
Stumble
Technorati
reddit
Fark
twitterMoody’s may boost LV company’s credit ratings
Thursday, April 13, 2000 | 11:02 a.m.
Moody's Investors Service said it may raise the credit rating of Station Casinos Inc., following the company's strong earnings over the first three months of 2000.
Moody's changed Station's ratings outlook from stable to positive, the first step in raising a company's credit rating. The agency said an upgrade will occur "should the company continue to demonstrate a track record of operating with moderate leverage given its multiple development opportunities and recent share repurchase activity."
In its report, Moody's cited continued improvement in the operating results of the company's operations in Las Vegas and Missouri, stronger credit measures, and the expectation that future projects will rely on free cash flow, rather than additional debt. Moody's also cited lower debt-to-cash flow levels.
archive
- Most Read
- Discussed
- Most E-mailed
- Another potential buyer emerges for Fontainebleau
- Mandarin Oriental spa puts service first
- Rashad Evans says Rampage rivalry won’t fade
- Rebels try to avoid the ‘trap’ at Santa Clara
- County’s poorest children have death without dignity
- Adults’ rudeness spoils children’s program at school
- Strip to be closed for Sunday marathon
- Kirk Kerkorian: CityCenter is ‘simply the most amazing’ Vegas project ever
- Banks pressured to be more helpful
- Gorman cruises past Del Sol for championship
Blogs
The Kats Report
Cowboy Steve Wynn recalls days of ropin' on Ralph Lamb's ranch
Elsewhere
Dawn Gibbons' story: First lady talks about divorce, humiliation, fears (16 Comments)
The Kats Report
Kirk Kerkorian: CityCenter is 'simply the most amazing' Vegas project ever (14 Comments)
Robin Leach's Las Vegas Celebrity Watch
Great Santa Run: Unofficial 14,595 runners would be a new record
Elsewhere
Rampage Jackson to return to UFC (3 Comments)
Politics: Ralston's Flash
Superintendents want state to immediately seek Race to Top funds (1 Comment)
Top Chef: Las Vegas
The Jet Stream: The great Jennifer debate (2 Comments)
Calendar »
- 6 Sun
- 7 Mon
- 8 Tue
- 9 Wed
- 10 Thu
-
Rock 'n' Roll Marathon
The Strip | 5:30 a.m. to 11 a.m.
-
George Strait and Reba McIntire at the MGM Grand Garden Arena
MGM Grand Garden Arena | 8 p.m. to 11 p.m.
-
Randy Travis at the Monte Carlo
Monte Carlo Resort and Casino | 9:30 p.m. to 11:59 p.m.
-
Lee Greenwood at The Orleans
The Orleans Showroom | 8 p.m. to 10 p.m.
-
The LoneStarlets at The Golden Nugget
Golden Nugget Hotel & Casino
-
Isaias Hiram Urrabazo in "A Sunday Afternoon with Friends"
Trinity International School | 2:30 p.m. to 5 p.m.
The Sun
Locally owned and independent for more than 50 years.
