....

The ratings agency also said the moves reflect heightened debt leverage following Cedar Fair's $1.24 billion acquisition of Paramount Parks Inc. in 2006 and its high distribution payout from a partnership restructuring.

"The outlook revision is based on our expectation that the company's operating performance that could deteriorate in the peak summer 2009 operating season given our forecast of an extended period of difficult economic conditions," said S&P analyst Hal Diamond.

http://www.forbes.com/feeds/ap/2008/11/26/ap5748465.html

Oh, that's not good at all. People just don't have money for anything except necessities, and entertainment is not really a necessity. It's getting really bad where I am....I am so, so fortunate things turned out for me job wise. Here's hoping for the best.

This MAY affect the company's cost of borrowing, compliance with debt covenants, etc. In any event, it is NOT good. Not good at all....

So, what did they do? Sorry, not to Financial savy....

They in effect said two things:

* If you are thinking of buying these units (almost akin to stock), you might want to think again. We (S&P) don't think it's gonna do too good.

* If you are thinking of lending this company money, you might want to charge them more and/or think again. There is now, in our opinion (S&P's) more risk that they won't pay it back than we thought there was before.

This MAY affect the company's cost of borrowing, compliance with debt covenants, etc. In any event, it is NOT good. Not good at all....

Even though the media is still downplaying all of this financial mess, (and yes it is worse than they are saying) I can tell you I am pretty worried about the future of a lot of things, including KI. Without going too far off topic, people are foregoing medical treatment due to cost, and I can tell you I have cut back on it myself.

I am not buying any stock..cause I think we still have a way to go before we hit rock bottom...and once that happens, I will go there but only on necessary stock-utility, healthcare (even though it has no business on the stock market) and such. Until the economy absorbs all the unemployment, it is not going to get better. Even if employed and such, the cash flow just isnt there. And that is a simpleton's view of it all.