Moody's rates Norwegian's $680m private notes offering 'B2'

Concurrently, the ratings agency affirmed Norwegian's Ba3 corporate family rating, Ba3-PD probability of default rating and SGL-2 speculative grade liquidity rating.

The outlook remains stable. Moody's said that reflects its view that the No. 3 cruise operator is committed to reducing debt to EBITDA after it acquires Prestige, the parent of Oceania Cruises and Regent Seven Seas Cruises.