S&P boosts Hilton Worldwide

S&P said it raised its ratings for Hilton Worldwide Holdings Inc. and its senior unsecured debt to BB+ from BB. The agency also affirmed the BBB- senior secured debt rating.

S&P said it forecasts Hilton will keep widening its leverage cushion relative to its 5x threshold even if the current higher summer leisure demand moderates because growing business and group demand could balance the seasonal drop in leisure travel in a way that drives sequential revenue per available room improvement in the second half of 2022.

S&P said it updated its forecast for Hilton so that it estimates S&P Global Ratings-adjusted net leverage will be 3.5x-4x in 2022 and 3.25x-3.75x in 2023.

The outlook is stable.

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