Moody’s ups Four Seasons Hotels

Moody's Investors Service said it upgraded the ratings of Four Seasons Hotels Ltd., including its corporate family rating to Ba3 from B1, its probability of default rating to Ba3-PD from B2-PD, and the rating on its senior secured bank facility to Ba3 from B1.

The outlook is stable.

"The upgrade reflects Four Seasons' strong performance in the luxury segment relative to peers, improving leverage and conservative financial policy," Pete Trombetta, Moody's lodging analyst, said in a news release.

“Four Seasons generates the highest revenue per available room (RevPAR) of our rated lodging companies and outperforms the luxury segment as a whole."

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