Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Expedia, Inc. > News item |
S&P lowers Expedia outlook to negative
Standard & Poor's said it revised its outlook on Expedia Inc. to negative from stable, reflecting the company's more aggressive financial policy and some uncertainty regarding the company's intermediate-term financial plans.
At the same time, the agency said it affirmed all its ratings, including its BBB- corporate credit rating, on the company.
The agency added that the ratings reflect Expedia's leading market share in the online travel agency niche, its broad portfolio of brands and services and strong discretionary cash flow.
These factors are partially offset by intense industry rivalry and shifting supplier dynamics, S&P said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.