S&P assigns A- to Carnival notes

S&P said it assigned its A- issue-level rating to Carnival plc’s proposed senior notes, which will be guaranteed by Carnival Corp.

The company plans to use proceeds for general corporate purposes.

“We do not expect the proposed notes issuance to alter our base case forecast for adjusted leverage, and we therefore view the proposed issuance as leverage neutral. As a result, all existing ratings on Carnival, including our A-/A-2 issuer credit rating, are unchanged,” S&P said in a news 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.