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Fitch Revises Posadas' Outlook to Stable; Affirms Ratings at 'B'

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MONTERREY, Mexico--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'B' foreign currency and local currency Issuer Default Ratings (IDR) of Grupo Posadas, S.A.B. de C.V. (Posadas), as well as the national scale rating at 'BB+(mex)'. The Rating Outlook has been revised to Stable from Negative. The Outlook revision to Stable reflects lower leverage levels due to improved operational performance, reflected both in Key Performance Indicators (KPIs), as well as in higher sales in the vacation club se

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