- Language: English
- 63 Pages
- Published: August 2010
- Region: Croatia
Sabre Holdings Corp. Ratings Lowered, Off Watch; Outlook Negative Mar 09
- Published: March 2009
- Standard & Poors
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.
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Sabre Holdings Corp.,Sabre Inc.