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  • Moody's

    Diamond Resorts International, Inc. -- Moody's assigns B3 rating to Diamond Resorts' new secured notes, outlook revised to stable

    Moody's Investors Service ("Moody's") assigned a B3 rating to the proposed senior secured note issuance of Diamond Resorts International, Inc. ("Diamond Resorts"). Concurrently, Moody's affirmed the company's Caa1 Corporate Family Rating, Caa1-PD Probability of Default Rating, B3 senior secured rating and Caa3 senior unsecured rating.

  • Moody's

    Diamond Resorts International, Inc. -- Moody's downgrades Diamond Resorts' CFR to Caa1, outlook revised to negative

    Moody's Investors Service, ("Moody's") downgraded the ratings of Diamond Resorts International, Inc. ("Diamond Resorts") including its Corporate Family Rating to Caa1 from B3, its Probability of Default rating to Caa1-PD from B3-PD, its senior secured rating to B3 from B2, and its senior unsecured rating to Caa3 from Caa2. "The downgrade reflects Moody's expectation that Diamond Resorts' earnings will be pressured in 2020 and 2021 due to travel restrictions and macroeconomic weakness related to the spread of the coronavirus (COVID-19) which will lead to debt/EBITDA remaining above 7.0x for the next two years," stated Pete Trombetta, Moody's lodging and cruise analyst.