S&P revises Grupo Posadas view to stable

S&P said it revised its outlook on Grupo Posadas SAB de CV to stable from positive and affirmed the B+ issuer credit and issue-level ratings on the company.

“The outlook revision reflects our view that Posadas' deleveraging in 2018 and 2019 will be slower than we had originally expected, with debt to EBITDA that will remain close to 4.0x by the end of 2018 and at 3.7x in 2019, which is a considerable deviation from our original 3.1x estimate for 2019,” S&P said in a news release.

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