Fitch Ratings - The NHL is a Weaker Market

[Llama19]

FitchRatings for Sports Faciliteis, Leagues and Teams Rating Criteria

To quote:

"This report describes Fitch Ratings’ analytical approach for rating new and existing debt secured by revenues from sports facilities globally. The criteria also addresses Fitch’s methodology for rating debt for the professional sports leagues secured primarily by national television contracts, and professional sports franchise debt secured by team revenues, including national and local media contracts, facility-generated revenues and other team-level revenues.

Fitch’s stadium and arena (facilities) criteria includes facilities utilized by major U.S. sports leagues including the National Football League (NFL), Major League Baseball (MLB), the National Basketball Association (NBA), the National Hockey League (NHL), and Major League Soccer (MLS) - as well as tennis, golf, horse racing tracks and European football.

The primary security for sports facilities ratings includes game-day ticket sales; season tickets; club seats; luxury suites; sponsorship and advertising agreements; naming rights; concessions; parking and novelties; and, in some circumstances, a franchise’s local media contract. There are structural differences across certain regions, primarily European football, whereby the league structure is different from a revenue-sharing perspective and the risk of relegation and other tournament participation, such as Champions League, can have a material impact."

Source: www.fitchratings.com/site/re/10046943

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[Killion]

FitchRatings for Sports Faciliteis, Leagues and Teams Rating Criteria

To quote:

"This report describes Fitch Ratings’ analytical approach for rating new and existing debt secured by revenues from sports facilities globally. The criteria also addresses Fitch’s methodology for rating debt for the professional sports leagues secured primarily by national television contracts, and professional sports franchise debt secured by team revenues, including national and local media contracts, facility-generated revenues and other team-level revenues.

Fitch’s stadium and arena (facilities) criteria includes facilities utilized by major U.S. sports leagues including the National Football League (NFL), Major League Baseball (MLB), the National Basketball Association (NBA), the National Hockey League (NHL), and Major League Soccer (MLS) - as well as tennis, golf, horse racing tracks and European football.

The primary security for sports facilities ratings includes game-day ticket sales; season tickets; club seats; luxury suites; sponsorship and advertising agreements; naming rights; concessions; parking and novelties; and, in some circumstances, a franchise’s local media contract. There are structural differences across certain regions, primarily European football, whereby the league structure is different from a revenue-sharing perspective and the risk of relegation and other tournament participation, such as Champions League, can have a material impact."

Source: www.fitchratings.com/site/re/10046943

Fascinating. Now, Llama, who is "Fitch" & why should I or anyone believe them or take them seriously?

 

[Llama19]

Fascinating. Now, Llama, who is "Fitch" & why should I or anyone believe them or take them seriously?

Fitch Ratings Inc. is one of the "Big Three credit rating agencies", the other two being Moody's and Standard & Poor's. It is one of the three nationally recognized statistical rating organizations designated by the U.S. Securities and Exchange Commission in 1975.

 

[Killion]

Fitch Ratings Inc. is one of the "Big Three credit rating agencies", the other two being Moody's and Standard & Poor's. It is one of the three nationally recognized statistical rating organizations designated by the U.S. Securities and Exchange Commission in 1975.

Same one I thought it was but unaware they dealt with broadcast. So some serious bona-fides.... Most Excellent Young Son. Ive dealt with them on Market issues but never media. Im quite confident its solid.