| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers H > Headlines for Hyatt Hotels Corp. > News item |
Moody's alters Hyatt outlook to stable
Moody's Investors Service said it affirmed Hyatt Hotels Corp.'s senior unsecured rating of Baa3 and changed the outlook to stable from negative.
"The affirmation of Hyatt's ratings and stable outlook reflect Moody's forecast that Hyatt's debt/EBITDA will approach 3.75x in 2023 with improvement coming from increasing earnings and debt repayment," stated Pete Trombetta, a Moody's vice president and senior analyst, in a press release.
"The affirmation also reflects Moody's expectation that given its very strong liquidity and continued recovery in leisure travel, Hyatt will be able to maintain this level of debt/EBITDA even if the recovery of business travel is slowed due to a weaker economic environment," Trombetta added.
© 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.