Lufthansa Group receives additional investment grade rating
Moody’s upgrades long-term rating to Baa3 and short-term rating to Prime-3
The Lufthansa Group has received another investment grade rating. Credit rating agency Moody’s announced that it is upgrading Lufthansa’s long-term rating from Ba1 to Baa3 with a stable outlook and its short term rating from Not Prime to Prime-3, which means that Lufthansa now also has an investment grade rating from Moody’s in both areas.
The investment grade rating from Moody’s is an additional confirmation of the long-term creditworthiness of the Lufthansa Group.
Moody’s cites the positive development of business operations in the current year, cost reductions that have been achieved and the strengthening of the group’s financial profile as reasons for the improved rating, among other things. The rating also reflects strategic advances such as the improved competitiveness thanks to Eurowings taking over point-to-point traffic and the conversion of the pension schemes thanks to new collective labour agreements for most of the company’s employees.
Lufthansa is currently one of the few European airlines rated investment grade. In addition to the Moody’s rating, Lufthansa also has investment grade ratings from Standard & Poor‘s and Scope.
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