Global Hyatt 'BBB+' Rating Outlook Revised To Negative

NEW YORK NY--Standard & Poor's Ratings Services has revised its rating outlook on Global Hyatt Corp. to negative from stable, while affirming its 'BBB+' corporate credit rating on the company.

"The outlook revision reflects our expectation that, over the intermediate term, Global Hyatt may begin to pursue a more aggressive financial policy of using debt to finance its strategic growth initiatives," said Standard & Poor's credit analyst Emile Courtney. "This comes at a time when flexibility in the company's leverage profile for additional large debt-financed investments is limited at the current rating."

Media Contact:
Mimi Barker, New York (1) 212-438-5054, mimi_barker@standardandpoors.com
Analyst Contact:
Emile Courtney, CFA, New York (1) 212-438-7824