Moody’s revises Posadas view to negative

Moody's Investors Service said it changed the outlook on Grupo Posadas, SAB de CV's B2 corporate family rating and senior unsecured debt ratings to negative from stable.

Moody’s said the change in outlook was prompted by Posadas' weaker-than-expected credit metrics year-to-date, mainly due to the lower than anticipated EBITDA resulting from the sale of 14 hotels to the REIT Fibrahotel in the first half of 2013.

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