Breaking NEWS!15 May 2024 15:46
Moody’s on Wednesday upgraded the senior unsecured ratings of International Consolidated Airlines Group ($IAG), d/b/a IAG, to Baa3 from Ba2 and assigned it a Baa3 long-term issuer rating.
The rating agency said the British Airways owner’s investment grade ratings reflect its strong credit ratios, solid business quality and excellent liquidity, among other factors. Moody’s also expects that the group would be able to withstand potential external shocks inherent to the airline industry.
Concurrently, IAG’s Ba1 corporate family rating and Ba1-PD probability of default rating were withdrawn. The outlook is stable.
The rating actions conclude the review initiated by Moody’s on March 13.
Price (GBP): £182.30, Change: £-1.80, Percent Change: -0.98%
$IAG
Source: MT Newswires