Moody’s gives Radisson, notes B1

Moody's Investors Service said it assigned a B1 corporate family rating and a B1-PD probability of default rating to Radisson Hospitality AB.

The agency also assigned a B1 senior secured rating to its proposed €250 million of notes due 2023 issued by Radisson Hotel Holdings AB.

The outlook is stable.

"Our action today balances Radisson Hospitality's strong brand, diverse pan-European portfolio, asset light strategy and moderate credit profile with execution risks of its repositioning programme and relatively complex corporate structure and governance," Maria Maslovsky, Moody's vice president, senior analyst, said in a news release.

Moody’s said the instrument rating for Radisson's proposed senior secured notes is the same as the corporate family rating to reflect its position as the dominant class of debt in the capital structure.

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