Moody's upgrade coming for EXPEDIA after earnings Triple.
August 04, 2010
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On Monday, Moody's Investors Service said it is considering upgrading the credit ratings of online travel company Expedia (EXPE), thanks to forecasts for growth in the travel industry and Expedia's strong financial results during the recession. Expedia said last week that its second-quarter earnings nearly tripled compared to last year, as consumers revved up their travel spending.
