S&P affirms Posadas

Standard & Poor's said it affirmed its BB long-term corporate credit and senior unsecured debt ratings on Grupo Posadas SAB de CV.

The agency said it also affirmed its mxA long-term national-scale corporate credit rating on the company.

The outlook is stable.

According to S&P, the rating reflects the cyclical nature of the lodging industry and the company's geographic concentration in Mexico while these factors are offset by the company's consistent operating performance, manageable debt-maturity schedule, position as the largest hotel operator in Mexico and diversified hotel portfolio with well-recognized brands.

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