Fitch lowers Ryman Hospitality

Fitch Ratings said it downgraded the long-term rating for Ryman Hospitality Properties to B+ from BB-, reflecting the negative impact of the coronavirus on the travel and hospitality sectors.

The outlook is negative.

The agency said the rating reflects Fitch's expectation for leverage to rise in the one to two year horizon, as well as uncertainty around the timing of bringing it back to 2018-2019 levels given the severe, unprecedented impact of the coronavirus pandemic on the travel and hospitality sectors.

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