Qantas receives second rating downgrade

Credit: By 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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