Fitch lifts GOL Linhas

Fitch Ratings said it upgraded GOL Linhas Aereas Inteligentes SA's long-term foreign- and local-currency issuer default ratings to B+ from B and its national rating to A-(bra) from BBB-(bra).

Fitch also upgraded GOL Finance SA's unsecured bonds ratings to B+/RR4 from B/RR4.

“The upgrades reflect improvements in GOL's credit risk profile due to lower leverage, improved costs and more favorable industry dynamics in Brazil,” the agency said in a news release.

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