Moody's changes Lufthansa view to stable

Moody's Investors Service said it changed the outlook of Deutsche Lufthansa AG and subsidiaries to positive from stable.

Concurrently, the agency affirmed all ratings.

"We have changed Lufthansa's rating outlook to positive on the back of improvements to the company's credit metrics over the past year. Such improvements reflect Lufthansa's reduced leverage, as a result of lower reported debt, as well as a €1.1 billion reduction in the company's pension deficit," Sven Reinke, Moody's vice president - senior analyst and lead analyst for Lufthansa, said in a news release.

"In addition, we expect that Lufthansa's credit profile will benefit from an improving operating performance driven by the Score program and significantly lower exceptional items over the next couple of years."

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.