Qantas back from ‘junk’ credit rating

Original article by Jamie Freed
The Australian Financial Review – Page: 15 & 20 : 18-Nov-15

Standard & Poor’s has upgraded the credit rating of Qantas to "BBB-" with a "stable" outlook. Qantas had lost its investment-grade credit rating in December 2013 due to its financial problems. Meanwhile, CEO Allan Joyce is upbeat about the outlook for the airline, forecasting that average annual growth in the domestic market will rise to three per cent in the fiscal years from 2016 to 2020. Qantas shares rose by $A0.21 to $A3.76 on 17 November 2015.

CORPORATES
QANTAS AIRWAYS LIMITED – ASX QAN, STANDARD AND POOR’S CORPORATION, MOODY’S INVESTORS SERVICE INCORPORATED, UBS HOLDINGS PTY LTD, MERRILL LYNCH (AUSTRALIA) PTY LTD, AIR NEW ZEALAND LIMITED – ASX AIZ, DEUTSCHE LUFTHANSA AG, SOUTHWEST AIRLINES COMPANY, ALASKA AIRLINES, RYANAIR HOLDINGS PLC, WESTJET AIRLINES, ETIHAD AIRWAYS

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