Fitch revises Ryman view to stable

Fitch Ratings said it changed the outlook to stable from negative and affirmed the B+ long-term issuer default ratings for Ryman Hospitality Properties, Inc. and its operating partnership, RHP Hotel Properties, LP.

“Operating results have outpaced expectations, and Fitch believes Ryman's RevPAR recovery will outpace the broader upper tier segments, given its domestic focus and unique product offering. Forward bookings trends point to favorable comparisons vs. prior peak in the outyears, and Fitch believes continued progress on vaccine rollout will limit the ongoing pandemic's impact to economic activity. Fitch expects Ryman's leverage to decrease to the high-4x/low-5x range towards the end of the forecast period,” the agency said in a press release.

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