Fitch ups Accor view to stable

Fitch Ratings said it revised the outlook of Accor SA to stable negative.

The agency also said it affirmed its long-term issuer default rating and senior unsecured rating at BBB-and its short-term rating at F3.

The revised outlook reflects the group's solid trading performance, which has benefited from the recovery of the hospitality sector, Fitch said.

The affirmations consider Accor's main positioning in the economy and mid-scale segments, brand awareness, scale and geographical diversification as the fifth-largest hotel group in the world and No. 1 in Europe in terms of hotel rooms, the agency said.

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