S&P downgrades Qantas credit rating following profit warning

Credit: By 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+...

Subscription Required

 

This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login

 

Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.