Moody’s revises Qantas outlook to stable

Moody's Investors Service said it affirmed all ratings of Qantas Airways Ltd. and changed the outlook to stable from negative.

The ratings affirmed include Qantas' Ba1 corporate family rating, Ba2 senior unsecured rating, NP (Not Prime) short-term rating and provisional Ba2/provisional NP program ratings.

The outlook change and affirmation follows Qantas' announcement of better than previously expected earnings for the half-year period ended Dec. 31.

"The change in outlook to stable from negative reflects the strengthening in Qantas' credit profile following the significantly improved earnings and credit metrics for the first half of FY15, which we expect to be sustained for the next six to 12 months," Moody's vice president and senior analyst Matthew Moore said in a news release.

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