Moody's ups Hyatt

Moody's Investors Service said it upgraded Global Hyatt's long-term senior unsecured bank loan rating to Baa1.

The outlook is stable.

Moody's said the upgrade reflects lower debt levels, absorption of recent acquisitions and conservative financial policies.

The outlook reflects solid industry demand, an expectation that credit metrics will remain at current levels and the company's conservative financial management, the agency said.

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