Home Credit Ratings and Research Residential Mortgage-Backed Securities S&P Global Ratings’ Credit Research InterContinental Hotels Group PLC

Summary: InterContinental Hotels Group PLC

Published Jul 09, 2012

2077 words — Published Jul 09, 2012

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Abstract:

The ratings on U.K.-based hotelier InterContinental Hotels Group PLC (IHG) reflect Standard&Poor's Ratings Services' view of the group's "significant" financial risk profile and its "strong" business risk profile. IHG's "strong" business risk profile is underpinned by our opinion of its sizable and high-quality system of hotels targeting multiple price segments; its focus on less-capital-intensive forms of hotel tenure (with hotels operated principally through management contracts and franchises rather than being owned or leased); a fairly resilient business model in terms of free cash flow generation (as highlighted in the 2008-2009 global recession); its strong presence in a diverse range of international markets; and its established relationships with a growing portfolio of third-party hotel owners. These factors are somewhat

Brief Excerpt:

RESEARCH Summary: InterContinental Hotels Group PLC Publication date: 09-Jul-2012 Primary Credit Analyst: Carlo Castelli, CFA, London (44) 20-7176-3670; carlo_castelli@standardandpoors.com Secondary Contact: Vincent Gusdorf, CFA,...

Report Type:

Summary

Ticker

IHG@LN

Issuer

InterContinental Hotels Group PLC

GICS

Hotels, Resorts & Cruise Lines (25301020)

Sector

Global Issuers, Structured Finance

Country

United Kingdom

Region

Europe, Middle East, Africa

Format:

HTML

InterContinental Hotels Group 'BBB' Rating Affirmed On Announcement Of $1 Bil. Shareholder Return; Outlook Stable – 2012/08/09 – US$ 150.00

Research Update: InterContinental Hotels Group 'BBB' Rating Affirmed On Announcement Of $1 Bil. Shareholder Return; Outlook Stable – 2012/08/09 – US$ 225.00

Summary: InterContinental Hotels Group PLC – 2013/02/11 – US$ 225.00

InterContinental Hotels Group PLC – 2013/06/26 – US$ 500.00

Summary: InterContinental Hotels Group PLC – 2013/06/28 – US$ 225.00

InterContinental Hotels Group PLC – 2012/07/09 – US$ 500.00

Summary: InterContinental Hotels Group PLC – 2012/01/10 – US$ 225.00

InterContinental Hotels Group PLC – 2011/07/18 – US$ 500.00

Summary: InterContinental Hotels Group PLC – 2011/07/18 – US$ 225.00

InterContinental Hotels Upgraded To 'BBB' On Ongoing Recovery And Resilient Operations; Outlook Stable – 2011/06/22 – US$ 150.00

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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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MLA:	S&P Global Ratings’ Credit Research. "Summary: InterContinental Hotels Group PLC" Jul 09, 2012. Alacra Store. May 09, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-InterContinental-Hotels-Group-PLC-985977>

APA:	S&P Global Ratings’ Credit Research. (). Summary: InterContinental Hotels Group PLC Jul 09, 2012. New York, NY: Alacra Store. Retrieved May 09, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-InterContinental-Hotels-Group-PLC-985977>

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