S&P Upgrades GOL's Credit Ratings
Gol Linhas Aereas Inteligentes S.A. Sponsored ADR representing 2 Pfd Shares (GOL)
US:NYSE Investor Relations:
ir.voegol.com.br
Company Research
Source: PR Newswire
SÃO PAULO, Aug. 14, 2019 /PRNewswire/ -- GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and B3: GOLL4): Brazil's premier domestic airline today announced that Standard & Poor's (S&P) has upgraded the Company's credit rating, as well as that of the notes issued by the Company and by its fully-owned subsidiaries. S&P is one of three major corporate credit rating agencies. GOL's foreign and local currency Issuer Default Ratings ("IDR") have been upgraded from B- to B, with a stable outlook. GOL's unsecured notes and GOL's perpetual bonds were also upgraded from B- to B, with a stable outlook. GOL's national scale rating was upgraded from brBBB to brA, with a stable outlook. "With S&P's upgrades to GOL's National and Foreign Currency ratings, all three major rating agencies have now recognized the improvement in the Company's credit profile – a result of our continued focus on capacity discipline and balance sheet strengthening," said Richard Lark, GOL's Chief Financial Officer. "This is
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- GOL's page on the SEC website