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Prospect News home > News index > List of issuers V > Headlines for Virgin Australia Holdings Ltd. > News item |
S&P lowers Virgin Australia view to negative
Standard & Poor’s said it revised the outlook on Virgin Australia Holdings Ltd. to negative from stable.
The agency also said it affirmed the B+ corporate credit rating, as well as a B- rating and recovery rating of 6 on Virgin’s U.S. 144A Regulation S senior unsecured notes.
The outlook revision reflects a degree of uncertainty over Virgin Australia’s near-term funding requirements and future ownership structure, S&P said.
While the agency said it views Virgin Australia’s operating performance to be fundamentally sound, adverse currency- and working-capital movements are expected to affect the company’s debt and liquidity levels.
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