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Fitch rates GOL Airlines bond BB
Fitch Ratings said it has assigned a rating of BB to GOL Linhas Aereas Inteligentes SA's (GOL) outstanding $200 million 8.75% perpetual bond.
In addition, Fitch has assigned a national scale rating of AA-(bra), outlook stable, a local currency issuer default rating of BB+, outlook stable and a foreign currency IDR of BB-, outlook positive.
Fitch said GOL's ratings reflect its position as the leading low-cost, low-fare airline in South America.
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