Moody’s changes Sabre view

Moody's Investors Service said it affirmed Sabre Holdings Corp.'s Ba3 corporate family rating, Ba3-PD probability of default rating, and instrument ratings for senior secured credit facilities and notes at Sabre's wholly owned subsidiary, Sabre GLBL Inc.

The outlook was changed to stable from negative, reflecting Moody's expectation for continued recovery in the number of passengers boarded globally combined with Sabre's commitment to reduce debt balances with excess cash and restore credit metrics to pre-pandemic levels, the agency said.

In addition, the speculative grade liquidity rating was changed to SGL-2 from SGL-3, supported by over $1 billion of cash balances and resolution of longstanding litigation with limited financial impact.

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