Qantas receives second rating downgrade

Credit: Kurt Hofmann
Moody’s Investors Service has become the second ratings agency to downgrade Australian airline Qantas to junk status , forcing the carrier’s borrowing costs to rise. Moody’s downgraded Qantas’ senior unsecured rating to Ba2 from Baa3, and its short-term rating to Not Prime (NP) from P-3; it said the...

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