Home Credit Ratings and Research Residential Mortgage-Backed Securities S&P Global Ratings’ Credit Research Carnival Corp.

Carnival Corp.'s €500 Million Senior Notes Due 2021 Rated 'BBB+'

Published Feb 16, 2016

3 pages (1073 words) — Published Feb 16, 2016

Price US$ 150.00 | Buy this Report Now

About This Report

Abstract:

NEW YORK (Standard&Poor's) Feb. 16, 2016--Standard&Poor's Ratings Services today assigned its 'BBB+' issue-level rating to Miami-based cruise operator Carnival Corp.'s proposed €500 million senior unsecured notes due 2021. Carnival plans to use the proceeds for general corporate purposes. All other ratings, including the 'BBB+/A-2' corporate credit ratings on Carnival, remain unchanged. The outlook on Carnival is stable. For the complete corporate credit rating rationale, please see our summary analysis on Carnival Corp., published Feb. 11, 2016, on RatingsDirect. RELATED CRITERIA AND RESEARCH Methodology And Assumptions: Liquidity Descriptors For Global Corporate Issuers, Dec. 16, 2014 Key Credit Factors For The Leisure And Sports Industry, March 5, 2014 Corporate Methodology, Nov. 19, 2013 Corporate Methodology: Ratios And Adjustments,

Brief Excerpt:

...Primary Credit Analyst: Melissa A Long, New York (1) 212-438-3886; melissa.long@standardandpoors.com Secondary Contact: Ariel Silverberg, New York (1) 212-438-1807; ariel.silverberg@standardandpoors.com...

Report Type:

Ratings Action

Ticker

CCL

Issuer

Carnival Corp.

GICS

Hotels, Resorts & Cruise Lines (25301020)

Sector

Global Issuers, Structured Finance

Country

Panama

Region

United States

Format:

PDF

Carnival Corp. 'BBB+' Ratings Placed On CreditWatch Positive On Good Operating Performance – 2016/06/30 – US$ 150.00

Research Update: Carnival Corp. 'BBB+' Ratings Placed On CreditWatch Positive On Good Operating Performance – 2016/06/30 – US$ 225.00

Research Update: Carnival Corp. Upgraded To 'A-' On Improved Credit Measures And Management And Governance Assessment; Outlook Stable – 2016/10/13 – US$ 225.00

Carnival Corp. Upgraded To 'A-' On Improved Credit Measures And Management And Governance Assessment; Outlook Stable – 2016/10/13 – US$ 150.00

Bulletin: Carnival Corp.'s 'A-2' Commercial Paper Rating Unaffected By Increase In Euro CP Program To EUR1.5B – 2016/11/10 – Free

Summary: Carnival Corp. – 2016/02/11 – US$ 225.00

Carnival Corp.'s €1.2 Billion Four- And Seven-Year Senior Unsecured Notes Are Rated 'BBB+' – 2015/10/30 – US$ 150.00

Carnival Corp. 'BBB+' Rating Outlook Revised To Stable From Negative On Improved Operating Performance – 2015/03/27 – US$ 150.00

Research Update: Carnival Corp. 'BBB+' Rating Outlook Revised To Stable From Negative On Improved Operating Performance – 2015/03/27 – US$ 225.00

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Carnival Corp.'s €500 Million Senior Notes Due 2021 Rated 'BBB+'" Feb 16, 2016. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Carnival-Corp-s-500-Million-Senior-Notes-Due-2021-Rated-BBB-1578516>

APA:	S&P Global Ratings’ Credit Research. (). Carnival Corp.'s €500 Million Senior Notes Due 2021 Rated 'BBB+' Feb 16, 2016. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Carnival-Corp-s-500-Million-Senior-Notes-Due-2021-Rated-BBB-1578516>

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