Moody’s alters easyJet view to stable

Moody’s Investors Service said it changed easyJet plc’s outlook to stable from negative.

“The stable outlook reflects easyJet's strong liquidity position, and the expectation that the company could withstand potential material adverse developments in relation to the pandemic for at least the next 12 months, whilst maintaining sufficient liquidity and a capability to restore balance metrics if the recovery from the pandemic is delayed beyond Moody's expectations,” the agency said in a press release.

Concurrently, Moody’s affirmed its Baa3 ratings on the company and its notes.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.