Moody's: Orbitz view to positive

Moody's Investors Service said it affirmed Orbitz Worldwide, Inc.'s B2 corporate family rating, B2-PD probability of default rating, and assigned a B2 rating to the company's proposed $525 million of senior secured credit facilities.

The outlook was changed to positive from stable based on the expectation that Orbitz Worldwide's earnings and free cash flow should continue to grow driven by net revenue growth in the mid single digit percentages over the next 12 to 18 months.

Orbitz Worldwide's SGL-3 speculative grade liquidity rating was affirmed.

Moody's said it believes that Orbitz Worldwide's investments in its technology platform and the successful execution of its strategy to grow hotel bookings through mobile channel, partner networks and customer loyalty programs have positioned the company for sustainable growth.

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