S&P might upgrade Silversea

S&P said it placed all its ratings, including the B corporate credit rating, on Silversea Cruise Holding Ltd. on CreditWatch with positive implications.

The agency said the CreditWatch listing follows higher-rated Royal Caribbean's announcement that it is acquiring a roughly two-thirds stake in Silversea.

“Upon close of the sale of a majority stake to Royal Caribbean, we expect to raise the ratings on Silversea by three notches because we believe Silversea will be strategically important to Royal Caribbean,” S&P said in a news release.

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