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Gol Linhas A?reas Inteligentes S.A. Outlook Revised To Negative From Stable, ?BB-? Rating Affirmed Sep 11
Standard & Poors, September 2011
Intense price competition in the domestic market has eroded Gol Linhas A-reas Inteligentes' cash flows. We are revising the outlook on the company to negative from stable and affirming our 'BB-' corporate credit rating. We believe that company's ability to improve its credit metrics largely depends on lower competition. SAO PAULO (Standard & Poor's) Sept. 13, 2011--Standard & Poor's Ratings Services revised its outlook on Brazil-based airline Gol Linhas A-reas Inteligentes S.A. (GOL) to negative from stable. At the same time, we affirmed our 'BB-' global scale corporate credit rating and 'brA' Brazil national scale rating. The outlook revision reflects the company's weak results in the second quarter, which will likely lower its credit metrics more than we expected in...
Companies mentioned in this report are: Gol Linhas Aereas Inteligentes S.A.
Action: Outlook: Negative
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Gol Linhas Aereas Inteligentes S.A.