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Silversea Cruise Finance Ltd. -- Moody's upgrades Silversea's secured notes to Baa2; B2 CFR withdrawn

Moody's Investors Service ("Moody's") upgraded the senior secured rating of Silversea Cruise Finance Ltd. (Silversea) to Baa2 from B2. At the same time, Moody's withdrew Silversea's B2 Corporate Family Rating and its B3-PD Probability of Default Rating. The upgrade follows the announcement that Royal Caribbean Cruises Ltd. ("RCL", Baa2 stable) will guarantee Silversea's $620 million senior secured notes due 2025.