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S&P cuts SeaWorld credit rating amid orca controversy
S&P cuts SeaWorld credit rating amid orca controversy

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...

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