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Prospect News home > News index > List of issuers S > Headlines for Starwood Hotels & Resorts Worldwide Inc. > News item
Published on 9/19/2012 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily, Prospect News High Yield Daily and Prospect News Investment Grade Daily.

Moody's could lift Starwood

Moody's Investors Service said it placed the Baa3 senior unsecured ratings of Starwood Hotels & Resorts Worldwide Inc. on review for upgrade.

Moody's said the review for upgrade acknowledges Starwood's material reduction in outstanding debt coupled with the steady improvement in operating metrics - specifically occupancy, ADR, and RevPAR - that has driven stronger earnings, cash flows, and credit metrics.


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