Moody’s shifts Carnival view to negative

Moody’s Investors Service said it revised Carnival Corp.’s outlook to negative from under review, which the agency started on Feb. 10 and ended with this rating action.

“The negative outlook reflects Carnival's very high leverage, the continued uncertainty around the resumption of U.S. cruise operations and the pace and level of recovery in demand that will enable the company to significantly reduce leverage,” Moody’s said in a press release.

Concurrently, the agency confirmed Carnival’s B1 corporate family rating, B1-PD probability of default, Ba2 senior secured bank credit facility and senior secured note rating, B1 senior secured second lien rating and B2 senior unsecured rating. Moody’s left the SGL-2 speculative grade liquidity rating unchanged.

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