Seven Seas Cruises 'B' Rating Outlook Revised To Stable From Negative Aug 10
- ID: 1793844
- August 2010
- Standard & Poors
We believe it is likely that U.S.-based cruise line operator Seven Seas' affiliate, Oceania Cruises, will maintain an adequate cushion under its 7.0x credit facility leverage covenant. We are revising our 'B' rating outlook for Seven Seas to stable from negative. The stable outlook reflects our belief that booking trends have improved sufficiently to enable credit measures to remain appropriate for the 'B' rating over the intermediate term. NEW YORK (Standard & Poor's) Aug. 5, 2010--Standard & Poor's Ratings Services today revised its rating outlook for Fort Lauderdale, Fla.-based Seven Seas Cruises S. DE R.L. to stable from negative and affirmed all ratings on the company, including the 'B' corporate credit rating. "The outlook revision to stable reflects our belief...
Companies mentioned in this report are: Seven Seas Cruises S DE R.L.
Action: Outlook: Stable
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Research type: News
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