Royal Caribbean Executive Says Expects To Further Reduce Leverage To Just Below Mid-3X By The End Of 2024
Portfolio Pulse from Benzinga Newsdesk
A Royal Caribbean executive announced during a conference call that the company expects to further reduce its leverage to just below mid-3X by the end of 2024.
April 25, 2024 | 2:52 pm
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Royal Caribbean plans to significantly reduce its leverage by the end of 2024, indicating a strategic move towards financial stability and potentially stronger creditworthiness.
Reducing leverage is a positive signal to investors and credit rating agencies, indicating that Royal Caribbean is managing its debt levels effectively. This could lead to improved credit ratings, lower interest costs, and a positive perception among investors, potentially driving the stock price up in the short term.
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