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Prospect News home > News index > List of issuers R > Headlines for Royal Caribbean Cruises Ltd. > News item
Published on 9/21/2011 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily and Prospect News High Yield Daily.

Moody's ups Royal Caribbean liquidity to SGL-2

Moody's Investors Service said it upgraded Royal Caribbean Cruises Ltd.'s speculative grade liquidity rating to SGL-2 from SGL-3.

The company's other ratings and stable outlook remain unchanged.

The upgrade of Royal Caribbean's speculative grade liquidity rating reflects Moody's expectation of good liquidity over the coming 12 months driven by improved free cash flow in fiscal 2012 and the extension of the company's $875 million revolver to 2016, according to a news release.


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