NYSE:RHPHotel and Resort REITs
Ryman Hospitality Properties (RHP): Valuation Check After Fitch Credit Upgrade and Leverage Reassessment
Credit Upgrade Puts Focus Back on Ryman’s Balance Sheet
Fitch Ratings just bumped Ryman Hospitality Properties (RHP) up to BB from BB minus with a Stable outlook, highlighting stronger operations and a healthier leverage profile even as it absorbs the JW Marriott Desert Ridge acquisition.
For investors, that upgrade is essentially an outside vote of confidence that Ryman can carry slightly higher debt in the near term while still growing EBITDA and keeping its balance sheet on a manageable...