Royal Caribbean Snags High-Grade Credit Rating From S&P
- S&P Global Ratings upgrades the cruise line to BBB- from BB+
- Moody’s still has company’s credit ratings at junk levels
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Royal Caribbean Cruises Ltd. has returned to investment-grade status at S&P Global Ratings, days after the cruise operator posted a record start to its busiest booking period.
S&P said it upgraded the cruise line to BBB-, the lowest high-grade rating, from BB+, the highest junk grade. Moody’s Ratings has the company rated in the highest junk grade.