Moody’s Investors Service has become the second ratings agency to downgrade Australian airline Qantas to junk status, forcing the carrier’s borrowing costs to rise. Moody’s downgraded Qantas’ senior unsecured rating to Ba2 from Baa3, and its short-term rating to Not Prime (NP) from P-3; it said the outlook for the ratings is negative. The downgrading follows the airline’s profit warning last month, which prompted Standard & Poor’s to take similar ...

Subscribe to Access this Entire Article

"Qantas receives second rating downgrade " is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.