New York, January 26, 2015 -- Moody's Investors Services said that Sabre Corporation's (Sabre) sale of its Travelocity business to Expedia, Inc. for $280 million in cash is credit positive for Sabre. Sabre will exit businesses with a weak competitive position and the divestiture will allow the management to focus on core businesses with good growth prospects. The proceeds from the sale will augment Sabre's liquidity to support management's growth initiatives or potentially reduce debt. However, the B1 Corporate Family Rating and the stable ratings outlook for Sabre Holdings Corporation, Sabre's wholly-owned subsidiary, are not affected by the divestiture.

Vollständigen Artikel bei Moodys lesen