S&P: Royal Caribbean notes BB

Standard & Poor's said it assigned Royal Caribbean Cruises Ltd.'s proposed $500 million senior notes due 2022 a BB issue level rating. The agency also assigned a recovery rating of 3, indicating an expectation of average recovery for lenders in the event of a payment default.

All other ratings are unchanged.

S&P said its corporate credit rating on Royal Caribbean reflects its assessment of the company's financial risk profile as aggressive and of the company's business risk profile as satisfactory.

© 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.