S&P flips Hilton Worldwide view to positive

S&P said it changed the outlook for Hilton Worldwide Holdings Inc. to positive from negative and affirmed all its ratings, including the BB issuer rating.

“The outlook revision reflects our updated and more favorable expectations for Hilton's credit metrics for 2022 and 2023 due to ongoing leisure demand and an anticipated rebound in business transient and group bookings, which will likely translate into 2022 leverage below 5x absent unanticipated financial policy choices. Our estimate of 2021 S&P Global Ratings-adjusted debt to EBITDA is about 5.5x based on reported fourth-quarter 2021 results, which outperformed our base case forecast and results in an accelerated deleveraging path in 2022,” the agency said in a press release.

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