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Fitch Rates Posadas' Proposed Notes 'B+/RR3(EXP)'

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MONTERREY, Mexico--(BUSINESS WIRE)--Fitch Ratings has assigned a 'B+/RR3(EXP)' rating to the proposed senior notes for up to USD 350 million, maturing in the range of seven to 10 years, to be issued by Grupo Posadas, S.A.B. de C.V. (Posadas). The 'RR3' Recovery Rating assigned to the proposed issuance indicates good recovery prospects given default. 'RR3' rated securities have characteristics consistent with securities historically recovering 51%-70% of current principal and related interest. T

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