Moody’s revises Hilton outlook to positive

Moody's Investors Service said it changed Hilton Worldwide Finance, LLC’s rating outlook to positive and affirmed its B1 corporate family and B1-PD probability of default ratings.

At the same time, the agency assigned a speculative grade liquidity rating of SGL-1.

Moody’s said the outlook change reflects its expectation that Hilton will continue to deleverage through a combination of additional debt repayments and earnings growth. Moody's believes that Hilton's consolidated debt to EBITDA is likely to fall below 5.5 times over the next 12 months, a level that would support a higher rating.

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