S&P affirms Gol Linhas

Standard & Poor's said it affirmed its B global-scale corporate credit rating on Gol Linhas Aereas Inteligentes SA and affirmed the brBBB- national scale rating on GOL.

At the same time, S&P removed all the ratings on GOL from CreditWatch, where they were placed with negative implications on Aug. 15, 2012. The outlook is negative.

The ratings reflect S&P's assessment of GOL's business risk profile as "weak" and financial risk profile as "highly leveraged."

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