Moody's assigns first-time Ba3 CFR to Tripadvisor and B1 to proposed notes; outlook stable
Rating Action: Moody's assigns first-time Ba3 CFR to Tripadvisor and B1 to proposed notes; outlook stable. Global Credit Research- 07 Jul 2020. New York, July 07, 2020-- Moody's Investors Service assigned a Ba3 Corporate Family Rating and a Ba3-PD Probability of Default Rating to Tripadvisor, Inc..TripAdvisor is an online travel company. The company operates a travel platform that connects the travelers with travel partners through content, price comparison tools, and online reservation and related services for destinations, accommodations, travel activities and experiences, and restaurants. The company manages its business in the following segments: Hotels, Media and Platform, which provides services such as click-based advertising on Tripadvisor-branded websites, subscription-based and display-based advertising, and other services; Experiences and Dining, which provides information and services for consumers to research and book activities, attractions, and restaurants in travel destinations.
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