Qantas has received a ratings boost from Standard & Poor’s (S&P), which revised the airline’s rating outlook to stable from negative. Last winter, the ratings agency downgraded the airline to so-called “junk” status. This week it affirmed the “BB+” long-term issue rating on Qantas and the airline’s senior unsecured debt, and a “B” short-term rating on Qantas. S&P affirmed the recovery rating on the debt at “3,” ...

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