S&P: Priceline now positive

Standard & Poor's said it revised the outlook on Priceline.com Inc. to positive from stable and affirmed its BBB- corporate credit rating.

"The outlook revision to positive is based on our reassessment of its competition position," S&P analyst Andy Liu said in a statement.

"Priceline.com has been gaining market share for several years, mainly from the strength of its hotel reservation offering in Europe, and wee expect that to continue for sometime as it penetrates developing markets and the Americas."

© 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.