Seemingly erratic U.S. policymaking may be weakening the dollar as much as any potential ‘Mar-a-Lago accord’ could have hoped, but risks taking U.S. asset prices down with it.
As demand continued to recover, Accor's debt/adjusted EBITDA reached 3.9 times in 2022, 2.5 times in 2023, and 2.8 times in 2024. In 2023, Fitch Ratings upgraded Accor's debt to investment-grade.
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