Oct. 3 at 7:28 PM
Moody’s has upgraded Host Hotels & Resorts’ senior unsecured debt rating to Baa2 from Baa3 and revised the outlook to stable from positive. The upgrade reflects strong operational performance and a conservative financial profile, including low leverage, robust fixed-charge coverage, and a nearly unencumbered property portfolio.
Host’s high-quality REIT portfolio has been enhanced by significant capital investments in recent years. As of June 30, 2025, Moody’s-calculated net debt/EBITDA stood at 2.9x, up from 2.2x in 2023 after
$1.5 billion of debt-funded acquisitions in 2024. Moody’s expects this ratio to remain in the mid-to-high 2x range over the next 12–18 months. Interest coverage was 6.4x as of June 30, 2025, expected to stay strong given limited refinancing risk amid higher interest rates.
Liquidity includes
$490 million in cash,
$279 million in deposits, and
$1.5 billion available under the revolving credit line.
$HST