Fitch Ratings affirmed Belgian hotelier Radisson Hospitality AB's long-term issuer default rating at B+, with a stable outlook.

The affirmation is based on the company's solid market position in the upscale hotel segment in the Europe, the Middle East and Africa regions.

Fitch also noted the company's balanced portfolio structure shifting to an asset-light model, which the rating agency expects to help mitigate volatility in revenue and profit in a cyclical sector.

Fitch added that Radisson's standalone credit profile coincide with that of new shareholder Jin Jiang International (Holdings) Co. Ltd., one of the leading global hospitality groups. Fitch said Radisson's integration within Jin Jiang's group presents opportunities for optimization of internal practices, as well as co-branding opportunities. Radisson could also take advantage of a common platform in attracting Asian guests, Fitch added.