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:

PaySauce to announce full year results on 22 May 2024
BGP - Results of Briscoe Group Limited Annual Shareholder Meeting
Judith Swales to leave Fonterra
Fonterra announces step-change in strategic direction
USX Trading Results 15th May
Devon Funds Morning Note - 15 May 2024
May 15th Morning Report
Global Esports and game development landscape fast changing
PCT - Precinct FY24 Third Quarter Dividends
Just Life Group Limited buyback offer opens