Accueil > Actualité
Actualite financiere : Actualite bourse

Ryanair: S&P cuts debt rating by one notch

(CercleFinance.com) - S&P Global Ratings on Friday lowered its ratings on eight European airlines by one notch, after the rapid spread of COVID-19 has caused air traffic demand to collapse over recent weeks.


S&P said it has cut its ratings on easyJet, Ryanair, Lufthansa, IAG and SAS, amongst others, while placing all of their ratings on "credit watch" with a negative outlook.

The pandemic threatens the credit quality of these airlines and poses serious challenges for the industry as a whole given the uncertainty regarding the severity and duration of the outbreak, the ratings agency said.

In the meantime, S&P expects airlines to focus on protecting their short-term liquidity positions, which might include seeking government support, it said.

S&P has cut Ryanair's rating to "BBB."

Copyright (c) 2020 CercleFinance.com. All rights reserved.
 

societes

marches

tendances

 
Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.