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Moody's changes Hilton outlook to stable
Moody's Investors Service said it changed the outlook on Hilton Domestic Operating Co. Inc., combined herein with Hilton Worldwide Holdings Inc. as Hilton, to stable from negative.
"The revision of Hilton's outlook to stable reflects the improved operating environment. In the first quarter of 2022 Hilton's revenue per available room (RevPAR) improved to within 17% of 2019 –– which Moody's forecasts will enable that the company to achieve debt/EBITDA at around its downgrade factor of 4.5x at the end of 2022," stated Pete Trombetta, a Moody's lodging analyst, in a press release.
Concurrently, the agency affirmed its corporate family rating at Ba1, probability of default rating at Ba1-PD, senior secured credit facility at Baa3 and senior unsecured rating at Ba2. The company's speculative grade liquidity rating of SGL-1 remains unchanged.
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