Moody's ups Royal Caribbean

Moody's Investors Service said it upgraded Royal Caribbean Cruises, Ltd.'s senior unsecured notes to Ba1 from Ba2 and affirmed the company's Ba1 corporate family and probability of default ratings.

The outlook remains stable.

Moody's said the upgrade follows Royal Caribbean's announcement that it assigned the credit facilities used to finance the purchase of five Solstice class ships from the related subsidiaries, which own the ships to the parent Royal Caribbean Cruises Ltd.

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