S&P cuts Travelport outlook to stable

Standard & Poor's said it revised its outlook on Travelport Holdings Ltd. and its major operating subsidiary, Travelport LLC, to stable from positive.

The outlook change reflects lower-than-expected proceeds from the proposed IPO of Travelport LLC's Orbitz subsidiary, S&P noted.

All ratings, including its B corporate credit rating, are affirmed, the agency said.

S&P added that ratings reflect Travelport's highly leveraged financial profile, limited financial flexibility and the seasonal and cyclical nature of the travel industry.

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