Royal Caribbean Attains Investment-Grade Status from S&P

Recently, Royal Caribbean Cruises Ltd. has regained its footing within the investment-grade territory as assessed by S&P Global Ratings. This noteworthy advancement occurs just as the company experiences a pivotal surge in its most robust booking phase.

Credit Rating Upgrade Details

S&P Global Ratings has boosted Royal Caribbean's rating to BBB-, which is considered the entry-level for high-grade ratings. Prior to this adjustment, the cruise line was evaluated at BB+, marking it at the upper echelon of speculative, or 'junk,' grades.

Despite this improvement from S&P, Moody’s Ratings continues to place the company at the highest level of non-investment grade status, indicating there remains a divergence in assessment between the two credit rating agencies.