SILVER SPRING, MD Choice Hotels International acknowledged confirmation of its investment grade debt ratings and an upgrade in its rating outlook from negative to stable by Moody s Investor Service. Moody s confirmed Choice s ratings on its guaranteed revolving credit facility, its guaranteed term loan and guaranteed senior notes all at the Baa3 investment level.
“We are pleased that Moody s has confirmed out investment grade debt ratings and changed its outlook to stable, reflecting Choice s strong cash flow and improved financial performance,” said Charles Ledsinger, Choice s president/CEO. (5/8/01)