Moody's Investor Service upgrades Qantas rating

15 May, 2017

Moody's Investor Service announced (15-May-2017) the upgrade of the issuer, senior unsecured debt and backed senior unsecured bank credit facility ratings of Qantas Airways Ltd from Baa3 to Baa2. Moody's VP - senior credit officer Ian Chitterer stated: "While we expect Qantas' credit metrics to remain fairly stable for the next 12-18 months, the upgrade reflects our greater focus on qualitative factors. This includes the unique traits of the Australian continent and airline market, Qantas Group's strong domestic position, and diversification provided by the loyalty programme". [more - original PR]