Moody's: Cedar Fair unchanged

Moody's Investors Service said Cedar Fair, LP's Ba3 corporate family rating and stable outlook are not affected by unit holder approval of Q Funding's proposal to adopt a change to the partnership agreement to separate the roles of chairman and chief executive officer and potential approval of a second proposal to prioritize distributions to unit holders.

The last rating action on Cedar Fair was on May 20, 2010 when Moody's changed its outlook to stable from negative, upgraded the speculative-grade liquidity rating to SGL-2 from SGL-3 and assigned a Ba2 senior secured credit facility rating and B2 senior unsecured note rating.

Cedar Fair's ratings reflect its business risk and competitive position versus others within its industry, capital structure and financial risk and projected performance over the near to intermediate term, Moody's said.

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