Moody's alters SATA Air view to negative

Moody's Investors Service said it changed the outlook for SATA Air Acores SA to negative from stable and affirmed its Ba1 rating.

“Today's change in outlook was prompted by the revision of the outlook to negative from stable on the Autonomous Region of Azores on Nov. 25, 2022. The Ba1-backed senior unsecured rating and the negative outlook on SATA Air are based solely upon the unconditional and irrevocable guarantee of scheduled principal and interest payment (the guarantee) provided by the Autonomous Region of Azores (Azores, Ba1 negative),” Moody’s said in a press release.

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