Although Mexican hotel operator Posadas' revenue and EBITDA recently improved, we still view its financial risk profile as "highly leveraged". However, we are revising our liquidity to "adequate" from "less than adequate." We are affirming our 'B' ratings on the company and existing $310 million senior unsecured notes. We are also assigning a 'B' rating to the company's long-term proposed senior unsecured notes. The recovery rating on its existing and proposed debt is '3'. The stable outlook reflects our expectation that Posadas will maintain its favorable brand and market position in Mexico while improving its operating performance and cash flow generation. MEXICO CITY (Standard&Poor's) June 18, 2015--Standard&Poor's Ratings Services affirmed its 'B' corporate credit and debt
