| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for Royal Caribbean Cruises Ltd. > News item |
S&P assigns BB+ to Royal Caribbean notes
S&P said it assigned BB+ issue-level and 4 recovery ratings to Royal Caribbean Cruises Ltd.'s planned $1 billion of senior unsecured notes due 2032. The 4 recovery rating indicates average (30%-50%; rounded estimate: 45%) recovery if the cruise line defaults.
The ratings match those on Royal Caribbean’s outstanding senior unsecured notes.
The company intends to use the proceeds, along with cash on hand or borrowings under its revolving credit facilities, to redeem its outstanding $1.25 billion of its 11 5/8% senior unsecured notes due 2027.
The outlook is stable.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.