Six Flags Initiates Refinancing of Bank Credit Agreement

DALLAS, Nov. 12, 2010 /PRNewswire/ -- Six Flags Entertainment Corporation (NYSE: SIX), announced today that it is initiating a process to refinance its second lien term loan with additional first-lien term loan financing. The company anticipates the process will be complete in the first half of December 2010. On November 3, 2010, Standard & Poor's upgraded the company's corporate credit rating from 'B' to 'B+'.

About Six Flags Entertainment Corporation

Six Flags Entertainment Corporation is a leading operator of regional theme parks with 19 parks across the United States, Mexico and Canada. Six Flags Over Texas, the company's flagship location, was founded in 1961 and will mark its 50th anniversary season in 2011.

SOURCE Six Flags Entertainment Corporation

http://www.prnewswir...-107557343.html

Corporate Credit Rating = B+, which I think is the same as what Cedar Fair was when they refinanced

Still in the "non-investment grade" or junk category.

That would be correct on both counts:

http://www.signonsandiego.com/news/2010/may/20/cedar-fair-gets-stable-ratings-outlook/