S&P: Royal Caribbean unchanged

Standard & Poor's said that the corporate credit rating and outlook on Royal Caribbean Cruises Ltd. (RCL, BBB-/stable) are not affected by the company's announcement that it intends to call for redemption all of its outstanding LYONS due 2021 and all of its outstanding zero coupon convertible notes due 2021 and will arrange debt-financing for the amount that is not converted.

The agency said that these transactions are expected to be completed before the end of its third quarter ending Sept. 30.

These transactions remove the de-leveraging potential associated with the possibility that these instruments would have converted to common shares, the agency added.

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