Vail Resorts’ Ratings Affirmed by S&P
Standard & Poor’s affirmed the ski resort operator’s BB issuer credit rating after it reported stronger-than-expected results in its fiscal second quarter, and gave it a stable outlook. The ratings agency expects core lift ticket revenue will only moderately decline in fiscal 2021, though ancillaries like food and retail will see a significant hit from the remnants of the pandemic. Vail’s fiscal third quarter should be an easy ... Log in to view full article.