Fitch upgrades Host Hotels IDR to 'BB+' from 'BB', outlook stable Fitch Ratings has upgraded the credit ratings of Host Hotels & Resorts and its operating partnership, Host Hotels & Resorts Limited Partnership as follows: Host Hotels & Resorts: Issuer Default Rating to 'BB+' from 'BB'. Host Hotels & Resorts, L.P.: IDR to 'BB+' from 'BB'; Unsecured revolving credit facility to 'BB+' from 'BB'; Senior unsecured notes to 'BB+' from 'BB'; Senior unsecured exchangeable notes to 'BB+' from 'BB'. The Rating Outlook is Stable. The upgrade reflects Fitch's view that Host's credit metrics will remain appropriate for the 'BB+' rating through the lodging cycle. The upgrade reflects Host's high-quality portfolio of geographically diversified upper tier hotel properties, its large and liquid unencumbered asset pool and the company's progress and commitment to sustaining lower leverage.
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