Published On: July 19th, 2024Categories: Trade Ideas
In this investment case, we focalize our attention on Marriott International Inc (MAR). MAR has had an impressive recovery, sustained by strong leisure demand and accelerating momentum in business travel. Despite economic uncertainties, demand continues to improve. MAR’s leverage has more than retraced pre-pandemic levels and the management remains committed to its IG rating. We consider MAR as a solid mid BBB-rated issuer and assess the risk-reward offered by its bonds as attractive.
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