Asia/Pacific

AIR NZ CREDIT RATING DOWNGRADED AFTER QUAKES

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AIR NZ CREDIT RATING DOWNGRADED AFTER QUAKES

Air New Zealand’s credit rating outlook was lowered to ‘negative’ from ‘stable’ because of the Christchurch and Japanese earthquakes and escalating jet fuel prices. Moody’s affirmed Air New Zealand’s "Baa3" senior unsecured rating. The change "reflects the heightened operating unc...

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