Moody's Raises Royal Caribbean's Senior Rating to Baa2, Cites Strong Demand and Tight Credit Metrics
Moody's Ratings upgraded Royal Caribbean Cruises Ltd.'s senior unsecured rating to Baa2 from Baa3 and raised its commercial paper rating to P-2 from P-3, while revising the outlook to stable from positive. The agency pointed to sustained earnings growth driven by robust demand, effective pricing and disciplined cost management, and expects the comp…