CWT Parent's Debt Rating Falls Amid Uncertainty, Demand Crunch

Moody’s Investors Service last week issued a detailed update of its March 12 downgrade on the debt rating for Carlson Travel Inc., owner of CWT. Covid-19’s impact on business travel demand, economic uncertainty and weak cash flows is aggravating the pre-existing “high” ratio of debt to earnings and a downward trend on client fees, Moody’s wrote.“However, the company benefits from…

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Jay Campbell

Before starting The Company Dime with David Jonas in 2014, journalist Jay Campbell a decade earlier created travel business newsletter The Beat. In 2006, Jay co-founded Travel Procurement magazine and in 2010 helped integrate them with Business Travel News. He served as BTN's editorial director until 2013. Jay made his travel industry media debut in 1993 at the Air Travel Journal of Boston while earning his undergraduate degree in journalism at Boston University. He would be happy to connect on LinkedIn. He's here at CorporateTravel.social on Mastodon.