S&P revises watch implications on P&O Princess to developing

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UK - Standard & Poor's, the global rating agency, said yesterday that it had revised its CreditWatch implications to developing from negative on UK-based cruise operator P&O Princess Cruises.

This action follows news that the shareholder vote on the proposed merger with Royal Caribbean Cruises has been postponed indefinitely after an unsolicited bid from Carnival Corp. The ratings on P...

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