Host Hotels&Resorts L.P.'s $1.5 Billion Senior Credit Facility Rated 'BBB' (Recovery Rating: '1') - S&P Global Ratings’ Credit Research

Host Hotels&Resorts L.P.'s $1.5 Billion Senior Credit Facility Rated 'BBB' (Recovery Rating: '1')

Host Hotels&Resorts L.P.'s $1.5 Billion Senior Credit Facility Rated 'BBB' (Recovery Rating: '1') - S&P Global Ratings’ Credit Research
Host Hotels&Resorts L.P.'s $1.5 Billion Senior Credit Facility Rated 'BBB' (Recovery Rating: '1')
Published Jul 02, 2014
1131 words — Published Jul 02, 2014
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (Standard&Poor's) July 2, 2014--Standard&Poor's Ratings Services today assigned its 'BBB' issue-level rating and '1' recovery rating to Host Hotels&Resorts L.P.'s $1.5 billion senior credit facility, consisting of a $1 billion revolver due 2018 and a $500 million term loan due 2017. The '1' recovery rating on the facility indicates our expectation for very high (90% to 100%) recovery for lenders in the event of a payment default. Our 'BB+' corporate credit rating and 'BBB' senior note ratings on Host were unchanged. The company's credit facility and existing senior notes and debentures indentures have released former subsidiary guarantees and stock pledges (there are provisions in the indentures that require the same guarantees and

  
Brief Excerpt:

RESEARCH Host Hotels & Resorts L.P.'s $1.5 Billion Senior Credit Facility Rated '###' (Recovery Rating: '1') Publication date: 02-Jul-2014 Primary Credit Analyst: Emile J Courtney, CFA, New York (1) 212-438-7824; emile.courtney@standardandpoors.com...

  
Report Type:

Ratings Action

Issuer
Host Hotels&Resorts L.P.
Sector
Global Issuers, Structured Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Host Hotels&Resorts L.P.'s $1.5 Billion Senior Credit Facility Rated 'BBB' (Recovery Rating: '1')" Jul 02, 2014. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Host-Hotels-Resorts-L-P-s-1-5-Billion-Senior-Credit-Facility-Rated-BBB-Recovery-Rating-1-1341416>
  
APA:
S&P Global Ratings’ Credit Research. (). Host Hotels&Resorts L.P.'s $1.5 Billion Senior Credit Facility Rated 'BBB' (Recovery Rating: '1') Jul 02, 2014. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Host-Hotels-Resorts-L-P-s-1-5-Billion-Senior-Credit-Facility-Rated-BBB-Recovery-Rating-1-1341416>
  
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