IHG faces junk rating as banks agree covenant waiver on $1.35bn of debt
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IHG faces junk rating as banks agree covenant waiver on $1.35bn of debt

hotel_adobe_575x375_14Apr20

InterContinental Hotels Group has negotiated a waiver and relaxation on its loan covenants for the second time in 2020, as its leverage threatens to plunge its rating into junk territory.

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