case two European hotel groups
CASE: TWO EUROPEAN HOTEL GROUPS
CONTENT
1
Financial statements ........................................................................................................................ 3
1.1 Impact of operating leases ............................................................................................ 3 1.2 Depreciation rates ......................................................................................................... 3 1.2.1 Accor ...................................................................................................................... 3 1.2.2 NH Hoteles............................................................................................................. 3 1.2.3 Conclusion ............................................................................................................. 4 1.3 Bad debt percentages .................................................................................................... 4 1.3.1 Accor ...................................................................................................................... 4 1.3.2 NH Hoteles............................................................................................................. 4 1.3.3 Conclusion ............................................................................................................. 4 1.4 Conclusion .................................................................................................................... 4 2 Credit rating ..................................................................................................................................... 5
2.1 European debt ratings prediction model ....................................................................... 5 2.1.1 Accor
CONTENT
1
Financial statements ........................................................................................................................ 3
1.1 Impact of operating leases ............................................................................................ 3 1.2 Depreciation rates ......................................................................................................... 3 1.2.1 Accor ...................................................................................................................... 3 1.2.2 NH Hoteles............................................................................................................. 3 1.2.3 Conclusion ............................................................................................................. 4 1.3 Bad debt percentages .................................................................................................... 4 1.3.1 Accor ...................................................................................................................... 4 1.3.2 NH Hoteles............................................................................................................. 4 1.3.3 Conclusion ............................................................................................................. 4 1.4 Conclusion .................................................................................................................... 4 2 Credit rating ..................................................................................................................................... 5
2.1 European debt ratings prediction model ....................................................................... 5 2.1.1 Accor