Moody's moves Choice Hotels view to stable

Moody's Investors Service said it changed the outlook to stable from negative and affirmed Choice Hotels International, Inc.'s senior unsecured rating at Baa3.

"The outlook revision to stable reflects Moody's view that Choice Hotels' earnings will benefit from the surge in domestic leisure travel this summer which will enable the company to return its debt/EBITDA to below its downgrade factor of 4.25x by the end of 2021 at the latest," stated Pete Trombetta, a Moody's lodging and cruise analyst, in a press release.

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