Moody’s turns Carnival view to positive

Moody’s Investors Service said it changed its outlook for Carnival Corp., Carnival Holdings (Bermuda) Ltd. and Carnival plc to positive from stable and affirmed their ratings, including the Ba2 backed senior secured rating, Ba2 backed senior secured bank credit facility, Ba2 senior secured bank credit facility, B2 backed senior unsecured rating, B3 backed senior unsecured rating. The SGL-2 speculative grade liquidity rating is unchanged.

“The positive outlook reflects Carnival's strong booked position for 2024 with continued strength in pricing and onboard spending. Moody's also expects that debt/EBITDA will decline to below 5x with FFO + interest/interest coverage improving to almost 3x by the end of 2024,” the agency said in a press release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.