S&P rates Orbitz loan B+

Standard & Poor's said it assigned Orbitz Worldwide Inc.'s proposed credit facility a B+ issue-level rating with a recovery rating of 2.

The proposed credit facility consists of a $50 million revolving credit facility due 2017, a $150 million term loan B due 2017 and a $250 million term loan C due 2019.

The corporate credit rating on Orbitz is B.

The outlook is stable.

Liquidity is "adequate" over the intermediate term to meet operational and financial obligations. Affiliates of the Blackstone Group and Travelport together own about 53% of Orbitz.

As a result, the rating on Orbitz is related to the rating on Travelport, S&P said.

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