• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Sabre Holdings Corp. Ratings Lowered, Off Watch; Outlook Negative Mar 09 Product Image

Sabre Holdings Corp. Ratings Lowered, Off Watch; Outlook Negative Mar 09

  • Published: March 2009
  • Standard & Poors

Abstract
NEW YORK (Standard & Poor's) March 30, 2009--Standard & Poor's Ratings Services today lowered its ratings on travel distribution company Sabre Holdings Corp., including the long-term corporate credit rating to 'B' from 'B+'. All ratings were removed from CreditWatch, where they were placed with negative implications on Nov. 10, 2008. The outlook is negative. "The rating actions are based on a weaker-than-expected financial profile primarily because of a significant decline in travel bookings that began in the fourth quarter of 2008, with further weakness anticipated well into 2009, caused by the global economic recession; and incremental debt," said Standard & Poor's credit analyst Betsy Snyder. As a result, Sabre's financial profile, which had improved somewhat due to debt reductions and...

Companies mentioned in this report are: Sabre Holdings Corp.,Sabre Inc.
Action: Downgraded

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit READ MORE >

Sabre Holdings Corp.,Sabre Inc.

Format Properties
Electronic The report will be emailed to you.
Note: Product cover images may vary from those shown
More

RELATED PRODUCTS