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Prospect News home > News index > List of issuers H > Headlines for Hilton Domestic Operating Co. Inc. > News item |
S&P rates Hilton Domestic notes BB+
S&P said it assigned BB+ issue-level, the same level as the long-term issuer credit rating, and 4 recovery rating to the planned senior unsecured notes issued by Hilton Worldwide Holdings Inc.'s borrowing subsidiary Hilton Domestic Operating Co. Inc. The 4 recovery rating indicates average (30%-50%; rounded estimate: 30%) recovery in default.
The ratings are the same as those on the issuer’s outstanding senior unsecured notes.
The company is expected to sell two $500 million tranches due 2029 and 2032. Hilton intends to use the proceeds from the notes for general corporate purposes.
The outlook is stable.
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