Fitch assigns Wizz Air notes BBB-

Fitch Ratings said it assigned Wizz Air Finance Co. BV’s planned senior unsecured notes an expected rating of BBB-. Wizz Air Holdings plc will guarantee the notes, which will be the first issue under Wizz Air Finance’s €3 billion euro medium-term note program rated BBB-.

“The senior unsecured rating for the notes is at the same level as Wizz Air’s senior unsecured rating, reflecting the guarantee in place,” Fitch said in a press release.

The proceeds will be used for general financing purposes.

“The new bond issue will enhance Wizz Air’s solid liquidity in a period of severe stress for the company and the sector, driven by the pandemic,” the agency said.

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