Standard & Poor's lowered SeaWorld Entertainment's credit rating Thursday amid negative publicity over its treatment of killer whales.
The move by the Wall Street rating company came one day after SeaWorld reported lower-than-expected earnings for the second quarter, prompting a record drop in its share price. The company operates SeaWorld in San Diego and other aquatic theme parks.
In response, Standard & Poor's dropped Orlando, Fla.-based SeaWorld's corporate credit rating to BB- from BB, pushing the rating further below investment grade, also known as junk status.
"The negative outlook reflects our belief that the company faces significant challenges...