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Canada's Wonderland Company -- Moody's assigns Cedar Fair's proposed senior notes a B1 rating; outlook stable

Moody's Investors Service (Moody's) assigned Cedar Fair, L.P.'s (Cedar Fair) proposed senior unsecured note a B1 rating. The Ba3 Corporate Family Rating (CFR), Ba1 senior secured credit facility, and B1 Senior Unsecured rating for the existing notes were all affirmed. While the acquisition of the land in Santa Clara underneath the Great America park is a positive and results in Cedar Fair owning the land under all of its amusement parks, it does contribute to higher leverage levels.