Vail Resorts, Inc. Credit Rating

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Date	Document Type	Title	Source
01 Apr 2015	Announcement	Moody's says Vail Resorts' acquisition of Perisher Ski Resort is a moderate credit positive; Ratings unaffected	Moody's Investors Service
01 Apr 2015	Issuer Comment	Moody's says Vail Resorts' acquisition of Perisher Ski Resort is a moderate credit positive; Ratings unaffected	Moody's Investors Service
20 Feb 2015	LGD Assessment	Vail Resorts, Inc.	Moody's Investors Service
18 Sep 2014	Issuer Comment	Vail Resorts' Deal for PCMR Melts Lease Litigation, a Credit Positive	Moody's Investors Service
12 Sep 2014	Announcement	Moody's says Vail Resorts' acquisition of Park City Mountain Resort is a credit positive; Ratings unaffected	Moody's Investors Service
12 Sep 2014	Issuer Comment	Moody's says Vail Resorts' acquisition of Park City Mountain Resort is a credit positive; Ratings unaffected	Moody's Investors Service
17 Jun 2014	Credit Opinion	Vail Resorts, Inc.	Moody's Investors Service
09 Jun 2014	Announcement	Moody's says Vail Resorts' proposed partial redemption of its senior subordinated notes is a credit positive; Ratings unaffected	Moody's Investors Service
09 Jun 2014	Issuer Comment	Vail Resorts' proposed partial redemption of its senior subordinated notes is a credit positive; Ratings unaffected	Moody's Investors Service
22 May 2014	Announcement	Moody's views federal court decision affecting Vail Resorts' rights to Park City Mountain's ski terrain as a credit positive; Ratings unaffected	Moody's Investors Service
22 May 2014	Issuer Comment	Moody's views federal court decision affecting Vail Resorts' rights to Park City Mountain's ski terrain as a credit positive; Ratings unaffected	Moody's Investors Service
03 Apr 2014	Credit Focus	Peer Comparison: Vail Resorts has Better Earnings Prospects than Intrawest Resorts	Moody's Investors Service
18 Jun 2012	LGD Assessment	Vail Resorts, Inc.	Moody's Investors Service
14 Jun 2012	Rating Action	Moody's affirms Vail's Ba2 CFR; assigns speculative grade liquidity rating of SGL-1	Moody's Investors Service
07 Mar 2012	Announcement	Moody's says Vail Resorts' lowered earnings guidance and increased dividend are credit negative; but no ratings impact	Moody's Investors Service
07 Mar 2012	Issuer Comment	Moody's says Vail Resorts' lowered earnings guidance and increased dividend are credit negative; but no rating impact	Moody's Investors Service
10 Jan 2012	Announcement	Moody's sees no impact on Vail Resorts' ratings and outlook from Ski Season Metrics	Moody's Investors Service
10 Jan 2012	Issuer Comment	Moody's comments on Vail Resorts' Ski Season Metrics	Moody's Investors Service
13 Jul 2011	Covenant Quality Assessment	Vail Resorts, Inc. - Post-Sale Snapshot - $390m 6.5% Senior Subordinated Notes due 2019	Moody's Investors Service
26 Apr 2011	LGD Assessment	Vail Resorts, Inc.	Moody's Investors Service
11 Apr 2011	Covenant Quality Assessment	Vail Resorts, Inc. - Pre-Sale Snapshot- $390m _% Senior Subordinated Notes due 2019	Moody's Investors Service
11 Apr 2011	Rating Action	Moody's assigns Ba3 to Vail Resorts' refinancing Subordinated Notes; affirms CFR	Moody's Investors Service
11 Apr 2011	Special Comment	Leveraged Finance Industry Updates: U.S. Gaming, Lodging and Cruising	Moody's Investors Service
18 Aug 2010	LGD Assessment	Vail Resorts, Inc.	Moody's Investors Service
11 Mar 2009	Announcement	Moody's says Vail Resorts' ratings unaffected by announcement of lower EBITDA guidance for fiscal 2009	Moody's Investors Service
11 Mar 2009	Issuer Comment	Moody's says Vail Resorts' ratings unaffected by announcement of lower EBITDA guidance for fiscal 2009	Moody's Investors Service
06 Oct 2008	Rating Action	Moody's upgrades Vail Resorts to Ba2; Stable outlook	Moody's Investors Service
21 Dec 2006	Rating Action	Moody's changes outlook for Vail Resorts to positive	Moody's Investors Service
05 Oct 2006	LGD Assessment	Vail Resorts, Inc.	Moody's Investors Service
28 Sep 2006	Rating Action	Correction to text, Sept. 26, 2006 release: Moody's changes ratings on 70 gaming, lodging & leisure companies under LGD rating methodology	Moody's Investors Service
18 Feb 2004	Financial Statement Ratios	Vail Resorts, Inc.	Moody's Investors Service
15 Jan 2004	Rating Action	MOODY'S ASSIGNS B2 RATING TO VAIL RESORT, INC'S GUARANTEED SENIOR SUBORDINATED NOTES; AFFIRMS ALL EXISTING RATINGS; OUTLOOK STABLE	Moody's Investors Service
23 Dec 2003	Opinion Update	Vail Resorts, Inc.	Moody's Investors Service
15 Jan 2002	Rating Action	VAIL RESORTS DOWNGRADED BY MOODY'S; SENIOR IMPLIED RATING TO BA3, SENIOR SUBORDINATED NOTES TO B2; STABLE RATINGS OUTLOOK	Moody's Investors Service
03 Oct 2001	Rating Action	MOODY'S PLACES ADDITIONAL LODGING, LEISURE & GAMING RELATED COMPANIES ON REVIEW FOR POSSIBLE DOWNGRADE	Moody's Investors Service
27 Jul 2001	Rating Action	MOODY'S RE-CALIBRATES ITS PREFERRED STOCK RATING SCALE TO PROMOTE CROSS-SECTOR COMPARABILITY	Moody's Investors Service
30 Apr 1999	Rating Action	MOODY'S ASSIGNS B1 TO GTD SENIOR SUBORDINATED NOTES OF VAIL RESORTS, INC. AND Ba1 TO GTD UNSECURED CREDIT FACILITY OF SUBSIDIARY	Moody's Investors Service

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