Fitch rates Royal Caribbean's senior unsecured notes 'BBB'

Fitch Ratings has assigned a 'BBB' rating to Royal Caribbean's senior unsecured notes issued on February 12, 2026. This rating reflects the company's creditworthiness and the perceived risk associated with the debt. The 'BBB' rating indicates that the notes are considered investment-grade, with moderate credit risk. Investors should note that this rating is based on Fitch's assessment of Royal Caribbean's financial position, including its ability to meet debt obligations and manage operational performance.

In addition to the recent rating assignment, Fitch has affirmed Royal Caribbean's Issuer Default Rating (IDR) at 'BBB' with a stable outlook as of June 16, 2026. This affirmation suggests that Fitch does not anticipate significant changes to the company's credit profile in the near term. The stable outlook provides investors with confidence in the company's ability to maintain its credit standing amid evolving market conditions.