Moody's rating agency downgraded its corporate family rating on Diamond Resorts International Inc. to Caa1 from B3 and its probability of default rating to Caa1-PD from B3-PD.
The outlook was also changed to negative from stable.
Moody's attributed the ratings action to its expectation that the lodging landlord's earnings will be pressured in 2020 and 2021 due to travel restrictions and macroeconomic weakness because of the spread of the cor...
Sign up today to gain access to 5 free articles a month from over 200 top subscription outlets.
Are you ready to take your business development to the next level with RelSci Professional?
Nurture your network with daily alerts that notify you when your relationships make news
Map your relationships to any target or prospect to identify a warm introduction
Access unlimited deep dossiers on over 8 million decision makers
Best of all, you can try out all these powerful business development tools absolutely free for 30 days!
Check out News Home to stay on top of the people and organizations you care most about.
