Analyst Research

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Provider : Reuters Investment Profile
Provider : Wright Reports
Provider : Thomson Reuters StreetEvents
Provider : Thomson Reuters StreetEvents

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Fitch Ratings Rates NH Hoteles SA's IDR B-; Senior Secured Notes B+(EXP)-Reuters

Monday, 28 Oct 2013 09:22am EDT 

Reuters reported that Fitch Ratings has assigned NH Hoteles SA (NHH) a long-term Issuer Default Rating (IDR) of B- with a stable outlook. Fitch Ratings has also assigned NHH's planned EUR 225 million senior secured notes an expected senior secured rating of B+(EXP) with an expected Recovery Rating RR2. The B- IDR reflects NHH's high initial leverage and additional free cash outflows expected in the near term, as well as a strengthened operational profile. The rating has factored in its initial success in implementing several strategic initiatives aimed at strengthening its long-term brand positioning and the market share of the group. It also reflects Fitch Ratings' expectation that the Company will be able to refinance its capital structure. 

Company Quote

-0.08 -1.55%
28 Aug 2015