37394
Qantas Rating Improves
World Economy

Qantas Rating Improves

Qantas Airways credit rating has been upgraded by Moody’s Investors Service, ending the Australian carrier’s more than two-year spell as a junk-rated credit, Bloomberg reported. The Sydney-based airline was raised one level to Baa3 by Moody’s, which had stripped it of investment-grade status back in January 2014. The move by Moody’s, which now has a stable outlook on Qantas, rewards Chief Executive Officer Alan Joyce’s efforts to cut debt and return the firm to profitability. It follows a similar decision by Standard & Poor’s in November, which lifted its score to BBB- with a stable outlook.

 

Short URL : http://goo.gl/6mgH45
  1. http://goo.gl/awSxjn
  • http://goo.gl/1n4r3X
  • http://goo.gl/vf6qRK
  • http://goo.gl/R2IwOH
  • http://goo.gl/CpcJaU

You can also read ...

Business confidence fell to its lowest level since August 2013 and around 7% of companies expected a contraction.
According to data from the International Monetary Fund in...
China Warned of Ballooning SOEs
Former chief of the World Bank Robert Zoellick cautioned China...
Shrinking unemployment in the US, Japan and the eurozone finally forces companies  to lift wages to retain and attract staff.
Workers in the world's richest countries are getting their...
New Zealand Q2 GDP Growth Picking Up
New Zealand’s economic growth is expected to have accelerated...
Saudi Sovereign Fund Secures $11 Billion Loan
Saudi Arabia's sovereign wealth fund said Monday it had...
Lira Eases Against Dollar
Turkey’s lira weakened against the dollar on Monday as...
By 2025 more than half of all current workplace tasks  will be performed by machines.
Robots will handle 52% of current work tasks by 2025, almost...
Myanmar Businesses Want Lower Taxes
Myanmar businesses are urging the government to lower the...

Trending

Googleplus