BRIEF-Fitch Ratings Says EMEA Lodging To Be Better Than Forecast In 2022 But Worse In 2023

BY Reuters | CORPORATE | 08/05/22 10:01 AM EDT

Aug 5 (Reuters) - Fitch Ratings:

* FITCH RATINGS SAYS EMEA LODGING TO BE BETTER THAN FORECAST IN 2022 BUT WORSE IN 2023

* FITCH ON EMEA LODGING SAYS ADJUSTMENT TO UNSUSTAINABLY HIGH PRICES TOGETHER WITH INFLATION PRESSURE ARE LIKELY TO DELAY MARGIN RECOVERY IN 2023

* FITCH ON EMEA LODGING SAYS STAFF SHORTAGES WILL REMAIN A PROMINENT ISSUE IN EUROPE, ESPECIALLY FOR ASSET-HEAVY OPERATORS Source text for Eikon: Further company coverage: [ ]

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article