Moody's upgrades Air NZ to Baa1 rating

Moody’s Investors Service has today upgraded the issuer rating and senior unsecured debt rating for Air New Zealand to Baa1 from Baa2. This is a one notch upgrade, and the rating outlook remains stable.

This follows the decision by Moody’s to upgrade the airline’s baseline credit assessment to baa3 from ba1 to reflect that Air New Zealand’s standalone credit profile has returned to pre-pandemic levels.

At the same time, Moody’s has upgraded the senior unsecured medium-term note programme rating to (P)Baa1 from (P)Baa2.

Attached is the announcement released by Moody’s Investors Service.

Ends.

•  22112023_Moodys upgrades Air NZ credit rating to Baa1 from Baa2

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

WCO - James Redmayne to resign from executive role
Fletcher Building Market Update
Devon Funds Morning Note - 13 May 2024
GTK - Half-Year Results Investor Briefing Details
GNE - Huntly Firming Options
Chatham Closes Private Placement
May 13th Morning Report
Rakon FY2024 Results Announcement Date
WHS - The Warehouse Group FY24 Third Quarter Sales Update
May 10th Morning Report