Wyndham Hotels & Resorts, Inc. declined 1.09% in intraday trading. The recent news event involving Choice Hotels International and Travel + Leisure Corporation's senior secured notes issuance, which was rated 'BB+' by Fitch Ratings, may have influenced the market sentiment negatively. The rating reflects TNL's strong free cash flow and leverage profile, but the repayment of outstanding borrowings and general corporate purposes could have raised concerns about liquidity and financial stability, potentially impacting Wyndham Hotels & Resorts, Inc. stock price.
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