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S&P puts Hilton Hotels on negative watch
Standard & Poor's said it placed its ratings on Hilton Hotels Corp., including the BBB- corporate credit rating and the A-3 commercial paper rating on CreditWatch with negative implications.
Standard & Poor's said it also placed its ratings on Hilton Group plc and all related entities, including the BBB corporate credit rating on CreditWatch with negative implications.
The CreditWatch listings follow the announcement that Hilton Hotels Corp. is currently engaged in discussions with respect to a potential acquisition of Hilton Group plc's lodging business.
S&P said it will review its ratings on Hilton Hotels Corp. and Hilton Group plc after evaluating the potential acquisition, if one is announced, and the combined company's operating and financial strategies following the potential acquisition.
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