Moody’s has upgraded Royal Caribbean Cruises Ltd.'s senior unsecured rating to Baa2 from Baa3, and its commercial paper rating to P-2 from P-3, with a stable outlook. This upgrade is attributed to expected continued earnings growth driven by strong demand, effective pricing, and cost control measures. Moody’s anticipates the company’s debt/EBITDA ratio will remain below 3.0x in coming years despite new ship investments, reflecting a strong business profile and leading credit metrics.
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Royal Caribbean’s credit rating upgraded by Moody’s to Baa2
Moody’s has upgraded Royal Caribbean Cruises Ltd.'s senior unsecured rating to Baa2 from Baa3, and its commercial paper rating to P-2 from P-3, with a stable outlook. This upgrade is attributed to expected continued earnings growth driven by strong demand, effective pricing, and cost control measures. Moody’s anticipates the company’s debt/EBITDA ratio will remain below 3.0x in coming years despite new ship investments, reflecting a strong business profile and leading credit metrics.