S&P downgrades Qantas credit rating following profit warning

Credit: Rob Finlayson
Standard & Poor’s Ratings Services has downgraded Qantas’ corporate credit rating to so-called “junk” status following the carrier’s surprise profit warning Thursday . Describing the airline’s outlook as “negative,” S&P lowered Qantas to BB+/B from BBB-/A-3, and its senior unsecured debt ratings BB+...

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