Research Update: Grupo Posadas Outlook Revised To Positive From Stable On Improving Financial Flexibility, 'B+' Ratings Affirmed - S&P Global Ratings’ Credit Research

Research Update: Grupo Posadas Outlook Revised To Positive From Stable On Improving Financial Flexibility, 'B+' Ratings Affirmed

Research Update: Grupo Posadas Outlook Revised To Positive From Stable On Improving Financial Flexibility, 'B+' Ratings Affirmed - S&P Global Ratings’ Credit Research
Research Update: Grupo Posadas Outlook Revised To Positive From Stable On Improving Financial Flexibility, 'B+' Ratings Affirmed
Published Nov 27, 2017
8 pages (2753 words) — Published Nov 27, 2017
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Grupo Posadas has been implementing its expansion plan with financial discipline. Asset sales and a solid operating performance contributed to stable credit metrics and bolstered the company's liquidity. We're revising our outlook on Mexico-based lodging company Posadas to positive from stable. We're also affirming our 'B+' ratings on the company. The positive outlook reflects the potential of an upgrade in the next 12 to 18 months if the company continues to fund its expansion plan with own resources, which will in turn support a gradual deleveraging of the capital structure. Under such a scenario, if Posadas' debt to EBITDA trends below 4.0x and its EBITDA interest coverage is above 3.0x, we believe the company will have greater flexibility to absorb

  
Brief Excerpt:

...Grupo Posadas has been implementing its expansion plan with financial discipline. Asset sales and a solid operating performance contributed to stable credit metrics and bolstered the company's liquidity....

  
Report Type:

Research Update

Ticker
POSADASA@MM
Issuer
Grupo Posadas S.A.B. de C.V.
GICS
Hotels, Resorts & Cruise Lines (25301020)
Sector
Global Issuers, Structured Finance
Country
Mexico
Region
Latin America
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Grupo Posadas Outlook Revised To Positive From Stable On Improving Financial Flexibility, 'B+' Ratings Affirmed" Nov 27, 2017. Alacra Store. May 09, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Grupo-Posadas-Outlook-Revised-To-Positive-From-Stable-On-Improving-Financial-Flexibility-B-Ratings-Affirmed-1956033>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Grupo Posadas Outlook Revised To Positive From Stable On Improving Financial Flexibility, 'B+' Ratings Affirmed Nov 27, 2017. New York, NY: Alacra Store. Retrieved May 09, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Grupo-Posadas-Outlook-Revised-To-Positive-From-Stable-On-Improving-Financial-Flexibility-B-Ratings-Affirmed-1956033>
  
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