{"id":124825,"date":"2022-04-14T19:30:00","date_gmt":"2022-04-14T19:30:00","guid":{"rendered":"https:\/?p=124825"},"modified":"2022-04-14T21:41:03","modified_gmt":"2022-04-14T21:41:03","slug":"moodys-changes-qantas-outlook","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2022\/04\/moodys-changes-qantas-outlook.html","title":{"rendered":"Moody’s changes Qantas’ outlook from negative to stable"},"content":{"rendered":"\n

The credit rating agency Moody’s Investors Service informed Thursday that it changed the outlook on all ratings of the Australian airline Qantas<\/strong> from “negative” to “stable” and confirmed its long-term ratings.<\/p>\n\n\n\n

Moody’s explained in its statement that “the stable outlook reflects the rating agency’s expectation that Qantas’ leverage will return to and remain within its established rating range,” EFE<\/a> reported.<\/p>\n\n\n\n

\u2192 Qantas and Jetstar Announce New Direct Flights to India and South Korea.<\/a><\/strong><\/em><\/p>\n\n\n\n

Moody’s affirmed Qantas’ Baa2 (the ninth-highest investment grade) issuer ratings on its senior unsecured and senior unsecured bank credit facility-backed debt, as well as its Baa2 senior unsecured (P)rating on its medium-term note (MTN) program.<\/p>\n\n\n\n

The agency believes that “Qantas is well positioned to restore its credit profile over the next 12-18 months, given that more than 95% of Australians over the age of 16 are fully vaccinated, all domestic borders are open and international borders continue to open,” according to its statement.<\/p>\n\n\n\n

\u2192 Air Canada to expand flights in Australia and New Zealand.<\/a><\/strong><\/em><\/p>\n\n\n\n

The agency remarked that it expects that by fiscal 2023, which ends June 30 of that year, the airline’s net debt will return to below its 2.5x rating threshold and its gross debt will return to below its 3x threshold.<\/p>\n\n\n\n

Moody’s indicated, among other financial data, that the Australian airline’s available liquidity as of December 31 included cash of A$2.7 billion (US$2.01 billion).<\/p>\n\n\n\n

Moody’s also indicated that Qantas has A$1.6 billion (US$1.192 billion) in undrawn committed facilities.<\/p>\n\n\n\n

Related Topics<\/h2>\n\n\n\n\t\t\t
\n\n\t\t\t\t\t\t\t\t\t\t\t\t
\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t

\n\t\t\t\tALTA Maps Out Roadmap to Net Zero: Challenges and Opportunities for Aviation in Latin America and the Caribbean<\/a>\n\t\t\t<\/h4>\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t
\n\t\t\t\tRead More<\/a>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t

\n\t\t\t\tAir Traffic in Latin America and the Caribbean Grows 6.6% in February<\/a>\n\t\t\t<\/h4>\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t
\n\t\t\t\tRead More<\/a>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t

\n\t\t\t\tLATAM Airlines to Become South America’s First to Offer “Lie-Flat” Seats on Airbus A321XLR<\/a>\n\t\t\t<\/h4>\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t
\n\t\t\t\tRead More<\/a>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t

\n\t\t\t\tJetSmart Launches “All You Can Fly”: Annual Membership for Unlimited Flights Across South America<\/a>\n\t\t\t<\/h4>\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t
\n\t\t\t\tRead More<\/a>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t","protected":false},"excerpt":{"rendered":"The credit rating agency Moody’s Investors Service informed Thursday that it changed the outlook on all ratings of…\n","protected":false},"author":4316,"featured_media":120133,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[1],"tags":[230,233,232],"class_list":{"0":"post-124825","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-airlines","8":"tag-airline","9":"tag-australia-2","10":"tag-qantas-2"},"uagb_featured_image_src":{"full":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/12\/Qantas-Airbus-A380.jpg",800,400,false],"thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/12\/Qantas-Airbus-A380-150x150.jpg",150,150,true],"medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/12\/Qantas-Airbus-A380-300x150.jpg",300,150,true],"medium_large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/12\/Qantas-Airbus-A380-768x384.jpg",768,384,true],"large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/12\/Qantas-Airbus-A380.jpg",800,400,false],"1536x1536":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/12\/Qantas-Airbus-A380.jpg",800,400,false],"2048x2048":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/12\/Qantas-Airbus-A380.jpg",800,400,false],"pk-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/12\/Qantas-Airbus-A380.jpg",80,40,false],"pk-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/12\/Qantas-Airbus-A380.jpg",300,150,false],"csco-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/12\/Qantas-Airbus-A380-80x80.jpg",80,80,true],"csco-intermediate":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/12\/Qantas-Airbus-A380-200x140.jpg",200,140,true],"csco-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/12\/Qantas-Airbus-A380-380x220.jpg",380,220,true],"csco-thumbnail-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/12\/Qantas-Airbus-A380-300x180.jpg",300,180,true],"csco-thumbnail-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/12\/Qantas-Airbus-A380-380x190.jpg",380,190,true],"csco-medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/12\/Qantas-Airbus-A380.jpg",800,400,false],"csco-medium-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/12\/Qantas-Airbus-A380-560x336.jpg",560,336,true],"csco-medium-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/12\/Qantas-Airbus-A380.jpg",800,400,false],"csco-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/12\/Qantas-Airbus-A380.jpg",800,400,false],"csco-large-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/12\/Qantas-Airbus-A380.jpg",800,400,false],"csco-extra-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/12\/Qantas-Airbus-A380.jpg",800,400,false]},"uagb_author_info":{"display_name":"Redacci\u00f3n - Aviaci\u00f3n al D\u00eda","author_link":"https:\/\/aviacionaldia.com\/en\/author\/aad"},"uagb_comment_info":0,"uagb_excerpt":"The credit rating agency Moody’s Investors Service informed Thursday that it changed the outlook on all ratings of…","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/124825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/users\/4316"}],"replies":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/comments?post=124825"}],"version-history":[{"count":1,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/124825\/revisions"}],"predecessor-version":[{"id":124826,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/124825\/revisions\/124826"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media\/120133"}],"wp:attachment":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media?parent=124825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/categories?post=124825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/tags?post=124825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}