Bulletin: Carnival Corp.'s Recent Revolver And Bank Loan Amendments May Ultimately Lead To Lower Issue-Level Ratings - S&P Global Ratings’ Credit Research

Bulletin: Carnival Corp.'s Recent Revolver And Bank Loan Amendments May Ultimately Lead To Lower Issue-Level Ratings

Bulletin: Carnival Corp.'s Recent Revolver And Bank Loan Amendments May Ultimately Lead To Lower Issue-Level Ratings - S&P Global Ratings’ Credit Research
Bulletin: Carnival Corp.'s Recent Revolver And Bank Loan Amendments May Ultimately Lead To Lower Issue-Level Ratings
Published May 14, 2021
2 pages (1191 words) — Published May 14, 2021
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About This Report

  
Abstract:

SAN FRANCISCO (S&P Global Ratings) May 14, 2021--S&P Global Ratings today said that global cruise operator Carnival Corp.'s (B/Negative/B) recent amendments to its revolver and bank loans do not currently affect any of our issue-level or recovery ratings on the company's debt. However, if Carnival issues additional guarantees, this could weaken the recovery prospects for certain of its lenders and lead us to lower our issue-level ratings. The amendments allow for the same subsidiaries of Carnival Corp. and Carnival PLC that currently guarantee the company's unsecured notes due 2026 and 2027 to guarantee certain of its debt that was outstanding prior to April 2020. Concurrent with the amendments, the subsidiaries that guarantee the 2026 and 2027 notes provided guarantees to

  
Report Type:

Bulletin

Ticker
CCL
Issuer
Carnival Corp.
GICS
Hotels, Resorts & Cruise Lines (25301020)
Sector
Global Issuers, Structured Finance
Country
Panama
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Carnival Corp.'s Recent Revolver And Bank Loan Amendments May Ultimately Lead To Lower Issue-Level Ratings" May 14, 2021. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Carnival-Corp-s-Recent-Revolver-And-Bank-Loan-Amendments-May-Ultimately-Lead-To-Lower-Issue-Level-Ratings-2648034>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Carnival Corp.'s Recent Revolver And Bank Loan Amendments May Ultimately Lead To Lower Issue-Level Ratings May 14, 2021. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Carnival-Corp-s-Recent-Revolver-And-Bank-Loan-Amendments-May-Ultimately-Lead-To-Lower-Issue-Level-Ratings-2648034>
  
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