...The Positive Outlook of Ryman Hospitality Properties, Inc. (RHP; BB-) reflects Fitch Ratings' expectations that RHP's real estate investment trust (REIT) leverage will remain below 4.5x, consistent with a 'BB' rating and reflecting continued strong performance in RHP's operating and financial profile. The revenue visibility provided by RHP's group business differentiates it from lodging peers and mitigates volatility but does not offset lodging cyclicality. Current economic uncertainty, including potential indirect impacts from widespread tariffs, delays the possibility of an upgrade to a 'BB' IDR. Nevertheless, sustained strong booking trends amid economic turmoil could lead to a future upgrade....
