S&P affirms Orbitz

Standard & Poor's said it affirmed Orbitz Worldwide Inc.'s B corporate credit rating and removed the ratings from CreditWatch, where they were placed with positive implications on Jan. 20.

"The ratings on Orbitz reflect an aggressive financial profile, and the seasonal and cyclical nature of the travel industry," S&P analyst Betsy R. Snyder said in a statement.

"The ratings also incorporate the company's major position in online travel distribution and the stable cash flow this business typically generates," she continued.

The agency said it could lower ratings if demand for travel weakens, resulting in a debt-to-EBITDA ratio rising to more than 5x for a sustained period.

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