Hyatt Hotels Corp.'s Proposed Senior Unsecured Notes Assigned 'BBB-' Rating

SAN FRANCISCO (S&P Global Ratings) Nov. 18, 2024--S&P Global Ratings today assigned its 'BBB-' issue-level rating (the same level as our long-term issuer credit rating) to Hyatt Hotels Corp.'s proposed $450 million senior unsecured notes due 2031. The company intends to use the proceeds from this offering, together with cash on hand, to repay all of its 5.375% notes due April 2025. Concurrent with this transaction, the company intends to reprice and upsize its outstanding senior unsecured notes due 2029 to approximately $550 million from $450 million. All of our other ratings on Hyatt are unchanged. For a more detailed credit rating rationale, please see our most recent tear sheet on Hyatt, published Nov. 18, 2024, on RatingsDirect. General Criteria:

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