IFR News

26 Sep 2025

Kim Noland: Investors welcome Royal Caribbean back to high-grade market

"[Royal Caribbean] now has one of the strongest balance sheets in the industry and has been on a continuing credit profile improvement voyage for some time," Kim Noland, a director of high-yield research at Gimme Credit, wrote on September 22. 

“We believe these forecasted 2026 credit measures may provide the company with a sufficient cushion to weather at least a moderate cyclical downturn at a higher rating,” the agency said.