Moody's Ratings affirms Hyatt's Baa3 senior unsecured rating, revises outlook to positive
Moody's Ratings (Moody's) affirmed Hyatt Hotels Corporation's (Hyatt) senior unsecured rating at Baa3 and revised the outlook to positive from stable. The affirmation of the Baa3 senior unsecured rating reflects our view that revenue per available room (RevPAR) growth of around 3% and new unit gro...Hyatt Hotels is a hospitality company engaged in the development, ownership, operation, management, franchising, licensing or provision of services to a portfolio of properties, consisting of full service hotels, select service hotels, resorts, and other properties, including spas and fitness studios, timeshare, fractional, and other forms of residential and vacation properties. The company also manages, provides services to, or licenses its trademarks with respect to residential ownership units that are often adjacent to a Hyatt-branded hotel. Additionally, for condominium ownership units, the company provides services and/or manage the rental programs or homeowner associations associated with such units.
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