Announcement of Periodic Assessment: Moody’s pronounces completion of a periodic evaluation of scores of Jacobs Leisure, Inc.World Credit score Analysis – 07 Apr 2021New York, April 07, 2021 — Moody’s Buyers Service (“Moody’s”) has accomplished a periodic evaluation of the scores of Jacobs Leisure, Inc. and different scores which might be related to the identical analytical unit. The evaluation was carried out by way of a portfolio evaluation dialogue held on 31 March 2021 during which Moody’s reassessed the appropriateness of the scores within the context of the related principal methodology(ies), current developments, and a comparability of the monetary and working profile to equally rated friends. The evaluation didn’t contain a score committee. Since 1 January 2019, Moody’s apply has been to problem a press launch following every periodic evaluation to announce its completion.This publication doesn’t announce a credit standing motion and isn’t a sign of whether or not or not a credit standing motion is probably going within the close to future. Credit score scores and outlook/evaluation standing can’t be modified in a portfolio evaluation and therefore usually are not impacted by this announcement. For any credit score scores referenced on this publication, please see the scores tab on the issuer/entity web page on www.moodys.com for probably the most up to date credit standing motion info and score historical past.Key score issues are summarized beneath.Jacobs’ credit score profile (B3 CFR) displays the continued uncertainty and damaging earnings strain created by the coronavirus, the corporate’s comparatively small scale by way of income relative to friends, and excessive earnings focus with over 80% of EBITDA coming from two markets, Colorado and Louisiana. Additionally thought-about is the corporate’s apply of sustaining excessive leverage, which is anticipated to say no as visitation and earnings get well from the pandemic. Additionally thought-about a good credit score attribute is that Jacobs has minimal near-term capital expenditure necessities as the corporate is coming off a interval of heavy funding exercise and doesn’t have any new important initiatives at present deliberate.This doc summarizes Moody’s view as of the publication date and won’t be up to date till the subsequent periodic evaluation announcement, which can incorporate materials modifications in credit score circumstances (if any) in the course of the intervening interval.The principal methodology used for this evaluation was Gaming Methodology printed in October 2020. Please see the Score Methodologies web page on www.moodys.com for a replica of this technique.This announcement applies solely to EU rated, UK rated, EU endorsed and UK endorsed scores. Non EU rated, non UK rated, non EU endorsed and non UK endorsed scores could also be referenced above to the extent crucial, if they’re a part of the identical analytical unit.This publication doesn’t announce a credit standing motion. For any credit score scores referenced on this publication, please see the scores tab on the issuer/entity web page on www.moodys.com for probably the most up to date credit standing motion info and score historical past. Adam McLaren Vice President – Senior Analyst Company Finance Group Moody’s Buyers Service, Inc. 250 Greenwich Avenue New York, NY 10007 U.S.A. JOURNALISTS: 1 212 553 0376 Consumer Service: 1 212 553 1653 John E. Puchalla, CFA Affiliate Managing Director Company Finance Group JOURNALISTS: 1 212 553 0376 Consumer Service: 1 212 553 1653 Releasing Workplace: Moody’s Buyers Service, Inc. 250 Greenwich Avenue New York, NY 10007 U.S.A. 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