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News Breaks | | | | February 28, 2013 | | 16:34 EDT |  | HST | 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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News For HST From The Last 14 Days Check below for free stories on HST the last two weeks. |
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| May 20, 2013 | | 08:35 EDT | | HST | Host Hotels announces Gregory Larson to succeed Larry Harvey as CFO
Larson has overseen corporate strategy since 2007 and assumed leadership of dispositions in 2011. Harvey will remain with the company until Q3. He will continue to serve as executive VP and will assist in transition of the duties to the new CFO. | |
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