Moody's affirms TravelCenters

Moody's Investors Service said it affirmed the B1 corporate family and senior secured debt ratings of TravelCenters of America, Inc. following the announcement that the company will be acquired by Hospitality Properties Trust.

The affirmation reflects Moody's expectation that TravelCenters' operating profile with remain stable over the intermediate term and that the company's debt facilities will be repaid by the new owners upon closing of the acquisition. If the acquisition is consummated and the existing debt repaid, all ratings of TravelCenters will be withdrawn.

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