| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers H > Headlines for Hilton Grand Vacations Inc. > News item |
S&P lifts Hilton Grand Vacations
S&P said it raised its issuer credit rating on Hilton Grand Vacations Inc.'s to BB- from B+.
S&P also raised the senior secured issue-level rating to BB+ from BB and the senior unsecured issue-level rating to B from B-.
The outlook is stable.
S&P said it expects revenue and EBITDA in 2022 to exceed pre-pandemic levels, resulting from timeshare sales, EBITDA growth from the recent Diamond acquisition, and synergies, which would cause S&P’s updated leverage forecast to improve to below 5.5x in 2022.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.