Fitch lowers Radisson Hospitality

Fitch said it downgraded Radisson Hospitality AB's long-term issuer default rating to B from B+, and senior secured rating to BB- from BB.

The ratings were put on rating watch negative.

The agency said the downgrade reflects delayed deleveraging compared with Fitch's previous expectations, and an uncertain credit profile once the coronavirus outbreak abates, in a sector which is among the most severely hit by the current crisis.

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