S&P May Cut Royal Caribbean, Carnival on Virus Travel Impact
- Royal Caribbean may leave high grade in first step to junk
- Carnival’s A- rating at stake, would join BBB cohort with cut
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S&P Global Ratings is taking aim at two cruise lines that have been battered by the coronavirus, as it may cut the ratings of Royal Caribbean Cruises Ltd. and Carnival Corp.
Each may be downgraded as the spreading virus batters the tourism industry, affecting everything from airlines to casinos. Royal Caribbean may be cut to junk, while Carnival would join the lowest tier of investment grade.