Fitch rates Gol Linhas bond B/RR4

Fitch Ratings said it assigned an expected rating of B(EXP)/RR4 to Gol Linhas Aereas Inteligentes SA’s reopening under its 7% senior unsecured bond due 2025.

The target amount of the reopening is $100 million.

Fitch said the proposed transaction is viewed as neutral from a financial leverage perspective as the company expects to use the proceeds primarily to refinance some existing debt.

The agency currently rates GOL's long-term issuer default rating B with a stable outlook.

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