S&P Global Elevates Carnival to Investment-Grade as Bookings Improve
S&P Global Ratings raised Carnival Corp.'s issuer credit rating to 'BBB-' from 'BB+' after citing robust forward bookings for 2026 and early 2027 that increase revenue and cash flow visibility. The agency expects Carnival's funds-from-operations to debt to reach about 25% in 2026 and to improve in 2027, with adjusted debt to EBITDA near 3.3x by fis…